CECO
ActiveSummary
For the legal form of CECO, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €61.7m and a net result of €2.5m. Equity is growing by ~6% per year across the filed fiscal years. The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-24
Solvency100=
Growth78=
Track record100
Credit verdict
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.36 against 4.4 in 2024; short-term debt: 3.4% and cash: 1.1% of total assets), and 3.4% of the assets are financed with debt.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
73 d early
2023
78 d early
2022
98 d early
2021
92 d early
2020
56 d early
2019
60 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 65 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.5m▼ 69.9%
2024 · €8.3m
Working capital
€3.0m▲ 12.6%
2024 · €2.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2.3m▲ 236%€5.7m▲ 155%€2.5m▼ 55.7%€3.7m▲ 44.8%€2.8m▼ 25.2%
Net result€12.6m€1.3m▼ 90.0%€1.4m▲ 14.9%€8.3m▲ 470%€2.5m▼ 69.9%
Equity€52.7m▲ 31.4%€53.9m▲ 2.4%€53.9m▼ 0.1%€61.4m▲ 13.9%€61.7m▲ 0.5%
Total assets€52.7m▲ 31.5%€54.0m▲ 2.4%€55.4m▲ 2.6%€62.2m▲ 12.2%€63.9m▲ 2.7%
Debt€50,000€80,000▲ 60.0%€1.5m▲ 1,813%€780,000▼ 49.0%€2.2m▲ 181%
Working capital€2.5m€4.0m▲ 58.9%€5.1m▲ 28.9%€2.7m▼ 48.3%€3.0m▲ 12.6%
Why a figure moved sharply
- 2025 Net result -70% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2022 Net result -90% on 2021. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63.9m
Fixed assets
€58.7m ▼ 0.1%
Current assets
€5.2m ▲ 50.8%
Equity and liabilities €63.9m
Equity
€61.7m ▲ 0.5%
Debt
€2.2m ▲ 181%
Debt's share of the balance-sheet total rises from 1.3% to 3.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.36▼
2024 · 4.40
Debt to equity
0.04▲
2024 · 0.01
ROE
4.0%▼
2024 · 13.4%
ROA
3.9%▼
2024 · 13.3%
Debt ≤ 1 year
€2.2m▲
2024 · €780,000
Income taxes
€246,637▼
2024 · €825,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €748,288 | - | - |
| Other operating charges640/8 | €69,621 | €63,115 | €80,202 | €74,068 | €96,193 | ▲ 29.9% |
| Gross operating margin9900 | €2.3m | €5.8m | €2.6m | €3.8m | €2.9m | ▼ 24.1% |
| Operating profit (loss)9901 | €2.3m | €5.7m | €2.5m | €3.7m | €2.8m | ▼ 25.2% |
| Financial income75/76B | €10.8m | €53,467 | €146,198 | €5.4m | €13,548 | ▼ 99.7% |
| Recurring financial income75 | €43,567 | €53,467 | €146,198 | €39,213 | €13,548 | ▼ 65.4% |
| Non-recurring financial income76B | €10.8m | - | - | €5.4m | - | - |
| Financial charges65/66B | €73,452 | €4.4m | €1.1m | €28,584 | €37,237 | ▲ 30.3% |
| Recurring financial charges65 | €73,452 | €224,267 | -€101,208 | €28,584 | €1,334 | ▼ 95.3% |
| Non-recurring financial charges66B | - | €4.2m | €1.2m | - | €35,904 | - |
| Profit (loss) for the period before taxes9903 | €13.0m | €1.4m | €1.6m | €9.1m | €2.7m | ▼ 69.9% |
| Income taxes67/77 | €416,032 | €133,326 | €145,504 | €825,000 | €246,637 | ▼ 70.1% |
| Profit (loss) for the period9904 | €12.6m | €1.3m | €1.4m | €8.3m | €2.5m | ▼ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €12.6m | €1.3m | €1.4m | €8.3m | €2.5m | ▼ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52.7m | €54.0m | €55.4m | €62.2m | €63.9m | ▲ 2.7% |
| Fixed assets21/28 | €50.2m | €50.0m | €48.8m | €58.7m | €58.7m | ▼ 0.1% |
| Financial fixed assets28 | €50.2m | €50.0m | €48.8m | €58.7m | €58.7m | ▼ 0.1% |
| Current assets29/58 | €2.6m | €4.1m | €6.7m | €3.4m | €5.2m | ▲ 50.8% |
| Amounts receivable within one year40/41 | €995,822 | €2.0m | €2.3m | €781,746 | €718,493 | ▼ 8.1% |
| Other amounts receivable41 | €995,822 | €2.0m | €2.3m | €781,746 | €718,493 | ▼ 8.1% |
| Current investments50/53 | €1.4m | €1.4m | €3.7m | €2.6m | €3.8m | ▲ 47.1% |
| Cash at bank and in hand54/58 | €162,736 | €693,811 | €610,998 | €84,628 | €682,865 | ▲ 707% |
| Deferred charges and accrued income490/1 | €2,592 | €612 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52.7m | €54.0m | €55.4m | €62.2m | €63.9m | ▲ 2.7% |
| Equity10/15 | €52.7m | €53.9m | €53.9m | €61.4m | €61.7m | ▲ 0.5% |
| Contributions10/11 | €28.1m | €28.1m | €28.1m | €28.1m | €28.1m | = |
| Capital10 | €28.1m | €28.1m | €28.1m | €28.1m | €28.1m | = |
| Issued capital100 | €28.1m | €28.1m | €28.1m | €28.1m | €28.1m | = |
| Reserves13 | €24.6m | €25.8m | €25.8m | €33.3m | €33.6m | ▲ 0.9% |
| Non-distributable reserves130/1 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Legal reserve130 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Distributable reserves133 | €21.8m | €23.0m | €23.0m | €30.5m | €30.8m | ▲ 1.0% |
| Profit (loss) carried forward14 | €915 | €1,949 | €2,599 | €3,020 | €3,038 | ▲ 0.6% |
| Amounts payable17/49 | €50,000 | €80,000 | €1.5m | €780,000 | €2.2m | ▲ 181% |
| Amounts payable within one year42/48 | €50,000 | €80,000 | €1.5m | €780,000 | €2.2m | ▲ 181% |
| Other amounts payable47/48 | €50,000 | €80,000 | €1.5m | €780,000 | €2.2m | ▲ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12.6m | €1.3m | €1.4m | €8.3m | €2.5m | ▼ 69.9% |
| Operating cash flow (approximation) | €12.6m | €1.3m | €1.4m | €8.3m | €2.5m | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | €212,110 | €1.2m | -€10.0m | €35,904 | ▲ 100% |
| Change in cash | - | €531,075 | -€82,813 | -€526,370 | €598,237 | ▲ 214% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €12.6m
Net result €12.6m after 2 loss-making years.
31-12
Financial
Equity above €50mEq €52.7m ▲31.4%
Equity rises from €40.1m to €52.7m.
2020
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€4.2m
Net result drops to -€4.2m, the lowest in the series; recovery starts the following year.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Tielt · 1 establishment unit since 1998
Ground area
1,544 m²
Building footprint
290 m²
Volume, LiDAR
3,241 m³
Parcel 37015K0518/00R000, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Hoogstraat 26, 8700 Tielt
since 19982.089.224.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015K0518/00R000 | Flanders | 1,544 m² | 1 · 290 m² | 14.5 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600MUDU5K9D131J80
Identification & contact
Identification
Legal formPartnership limited by shares
Founded23-10-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Goedkeuring jaarrekening per 30 juni 2008. Bestemming resultaat. Kwijting bestuurders. Varia. Zich richten naar de statuten.