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CECIUS IMMO & CONSTRUCT

Active
Private limited companyfounded 2025active for 1 yearPréfayhai 41, 4900 Spa, BelgiumKBO/BCE: BE 1021.382.878
Summary

CECIUS IMMO & CONSTRUCT has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,087 and a net result of €87. Its solvency ranks better than 59% of 1,585 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Holiday cottages, homes and apartments
NACE 55203
1 site
Size
€10,117total assets 2025
Equity
€3,087
Profit
€87
Turnover not published (micro format)
Financial health
71 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts filed 28 days late
Why 71raises riskFounded in 2025Size: total assets €10,117Latest accounts 28 days latelowers riskLiquidity: current ratio 1.21, cash €8,516Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 64% of its sector peers (NACE 55, micro)
Financial strength
Strong
Solvency 56
equity 30.5% of total assets
Liquidity 63
short-term debt 69.5% · cash 84.2%
Profitability 70
return on assets 0.9%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,514 companies, NACE 55, micro)
Last 24 months 04-2026: 1.6% 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.7%▲ +0.1 percentage points vs 05-2026 07-2026: 2.0%▲ +0.3 percentage points vs 06-2026 08-2026: 2.1%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -1.5 percentage points vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 56% on solvency, 78% on liquidity and 59% on profitability.

The bankruptcy probability was computed on 18-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.21, cash €8,516
NBB · annual accounts
raises risk · Size: total assets €10,117
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Latest accounts 28 days late
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
28 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointments: CECIUS DIT JEHIN Michaël…

Financials · financial year 2025, micro format

2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00471416.

Equity
€3,087
Total assets
€10,117
Net result
€87
Working capital
€1,508

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €10,117
Fixed assets €1,579
Current assets €8,539
Equity and liabilities €10,117
Equity €3,087
Debt €7,030
Debt finances 69.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€1,196
Cash flow
€479
Current ratio
1.21
Debt to equity
2.28
ROE
2.8%
ROA
0.9%
Interest coverage
16.78
Debt ≤ 1 year
€7,030
Income taxes
€655

Peer companies

Historical observation

Of the 185 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 98.9% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
0.5% stopped otherwise
98.9% still going

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,472 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 74.5% 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 185 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
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€10,117
Fixed assets21/28€1,579
Tangible fixed assets22/27€1,579
Plant, machinery and equipment23€1,579
Current assets29/58€8,539
Amounts receivable within one year40/41€22
Other amounts receivable41€22
Cash at bank and in hand54/58€8,516
Equity and liabilities
Total equity and liabilities10/49€10,117
Equity10/15€3,087
Contributions10/11€3,000
Profit (loss) carried forward14€87
Amounts payable17/49€7,030
Amounts payable within one year42/48€7,030
Trade debts44€1,634
Suppliers440/4€1,634
Taxes, remuneration and social security45€2,415
Taxes450/3€655
Remuneration and social security454/9€1,760
Other amounts payable47/48€2,982
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€392
Other operating charges640/8€1,296
Gross operating margin9900€2,491
Operating profit (loss)9901€804
Financial income75/76B€9
Recurring financial income75€9
Financial charges65/66B€71
Recurring financial charges65€71
Profit (loss) for the period before taxes9903€742
Income taxes67/77€655
Profit (loss) for the period9904€87
Profit (loss) for the period to be appropriated9905€87
Appropriation of the result
Profit (loss) to be appropriated9906€87

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€392
Other operating charges640/8€1,296
Gross operating margin9900€2,491
Operating profit (loss)9901€804
Financial income75/76B€9
Recurring financial income75€9
Financial charges65/66B€71
Recurring financial charges65€71
Profit (loss) for the period before taxes9903€742
Income taxes67/77€655
Profit (loss) for the period9904€87
Profit (loss) for the period to be appropriated9905€87
Line2025
Assets
Total assets20/58€10,117
Fixed assets21/28€1,579
Tangible fixed assets22/27€1,579
Plant, machinery and equipment23€1,579
Current assets29/58€8,539
Amounts receivable within one year40/41€22
Other amounts receivable41€22
Cash at bank and in hand54/58€8,516
Equity and liabilities
Total equity and liabilities10/49€10,117
Equity10/15€3,087
Contributions10/11€3,000
Profit (loss) carried forward14€87
Amounts payable17/49€7,030
Amounts payable within one year42/48€7,030
Trade debts44€1,634
Suppliers440/4€1,634
Taxes, remuneration and social security45€2,415
Taxes450/3€655
Remuneration and social security454/9€1,760
Other amounts payable47/48€2,982
Line2025
Profit (loss) for the period9904€87
+ Depreciation and write-downs630€392
Operating cash flow (approximation)€479

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 28-08-2026 2026-00471416

Similar companies · same sector, comparable size

Of the 2,990 active companies whose main activity is holiday cottages, homes and apartments (NACE 55203), figures are known for 702. 188 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No sitting directors in the Gazette act read. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 24 March 2025, CECIUS IMMO & CONSTRUCT was incorporated as a private limited company.1 The company has filed annual accounts once, for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
28-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 28 days late
2025
26-03
Gazette deed Incorporation
Appointments: CECIUS DIT JEHIN Michaël Daniel Jérôme (director) and NOENS Florie Marie Mauricette (director) · Founder · Founding capital14 facts ▸
  • Founder, CECIUS DIT JEHIN Michaël Daniel Jérôme
  • Founder, NOENS Florie Marie Mauricette
  • Incorporation, 21-03-2025
  • Founding capital, €3,000
  • Bank account, “attestation de dépôt conforme à article 5.9 du Code des Sociétés et Associations remise à la notaire”, 3000 (deed in French)
  • Other provision, “STATUTS (extrait), arrêt des statuts” (deed in French)
  • Kind of shares, 100
  • Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
  • General meeting, “comparants réunis en assemblée générale, dépôt au greffe d'une expédition de l'acte constitutif” (deed in French)
  • Registered office clause, “4900 SPA,Rue Préfayhai 41”, 2 (deed in French)
  • Other provision, “Site internet et adresse électronique, Sans objet” (deed in French)
  • Board rule, 2, 4
  • +2 further facts in this act
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded24-03-2025
Financial year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1021382878
Also 9925:BE1021382878
Registered 16-12-2025

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

Register as of 18 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1021.382.878

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Spa · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
1,601 m²
Building footprint
89 m²
Building volume
613 m³
Parcel 63072H0332/00G000, Wallonia · tallest building 8.9 m. Linked by address, not a title deed.
1 establishment unit
CECIUS IMMO & CONSTRUCT
Préfayhai 41, 4900 SpaHoliday cottages, homes and apartments
since 2025unit no. 2.371.710.277
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
63072H0332/00G000 Wallonia 1,601 m² 1 · 89 m² 8.9 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
CECIUS IMMO & CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple décision de…” (deed in French)

deed of 26-03-2025

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation, 1” (deed in French)
“Frais généraux indépendamment frais représentation,voyages,déplacements, assemblée générale” (deed in French)

deed of 26-03-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Registre des actions nominatives, requises par Code des sociétés et des associations” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Moitié cédant et moitié acquéreurs proportionnellement si plusieurs, nullité” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Ouverture de la souscription, organe qui procède à émission” (deed in French)

deed of 26-03-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
15 June at 18:00

deed of 26-03-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Assemblée générale, formes modifications aux statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Dissolution pour quelque cause et à quelque moment, administrateurs en fonction si aucun autre désigné” (deed in French)

deed of 26-03-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Intérêt dans autres sociétés et garanties, sociétés,associations,entreprises objet identique,analogue,connexe ou susceptible de favoriser…” (deed in French)
Other provision: “Appels de fonds, à leur émission” (deed in French)
Other provision: “Nature des autres titres, registre des titres nominatifs de la catégorie” (deed in French)
Other provision: “Indivisibilité des titres, droits exercés par usufruitier” (deed in French)
Other provision: “Un ou plusieurs membres” (deed in French)
Other provision: “Trois ans, Contrôle de la société” (deed in French)
Other provision: “Dans limites de la loi, Assemblée générale par procédure écrite” (deed in French)
Other provision: “Admission à l'assemblée générale, inscrit dans registre titres nominatifs de sa catégorie” (deed in French)
Other provision: “Séances – procès-verbaux, membres bureau et actionnaires présents qui demandent” (deed in French)
Other provision: “Tout autre par tout moyen transmission,écrite, Délibérations” (deed in French)
Other provision: “Organe d'administration, trois semaines” (deed in French)
Other provision: “Pouvoirs de l'assemblée générale, ceux conférés par Code des sociétés et des associations” (deed in French)
Other provision: “Répartition – réserves, organe d'administration” (deed in French)
Liquidation distribution: “Actif net entre actionnaires en proportion actions” (deed in French)
Other provision: “Siège, Election de domicile” (deed in French)
Other provision: “Tribunaux du siège compétence exclusive, Compétence judiciaire” (deed in French)
Other provision: “Droit commun” (deed in French)

deed of 26-03-2025