Losses
-€37,045 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2020 was the heaviest.
CECOFREE
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €203,431 (2014)
€11,279▼ 11.1%
lowest -€31,845 (2008)
-€2,666▼ €736
peak €176,020 (2017)
€138,975▼ 1.9%
€83,634▼ 7.9%
Board3 names since 2019
3 directorsMUTOMBO Corinne and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Loss of €2,666Cash from €184 to €1,124
Key points
from the 2025 annual accountsChecked score
82
Excellent
Financially stronger than 38% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 0.3%▼ -0.5 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.4 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Liquidity: current ratio 0.02, cash €1,124
lowers risk
Size: total assets €222,609
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 52% of them on solvency, 18% on liquidity, 45% on profitability and 38% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as CECOFREE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CECOFREE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for CECOFREE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.01 in 2024), below 1. Short-term debt is 37.6% and cash 0.5% of total assets. 37.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
31 days early
2022
on the day
2021
3 days early
2020
31 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 17 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MC
MUTOMBO Corinne
Director, since 23-05-2024
ME
MUTOMBO Emilie
Director, since 23-05-2024
MH
MUTOMBO Hubert
Director, since 23-05-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473305857
First establishment
CECOFREE NV, Patrijsdreef 7, Lubbeek
Incorporation
published on 29-11-2000 · Gazette deed
Official details
Source: KBO- Status
- Active since 20-11-2000Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.116.150.8123210 Lubbeek, since 01-02-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 14-06-2026
Insights on CECOFREE
CECOFREE files the abbreviated format. That format states no turnover. The gross margin fell from €20,231 in 2006 to €11,279 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CECOFREE
- What is the company number of CECOFREE?
- The company number of CECOFREE is 0473.305.857. The VAT number is the same number with BE in front: BE 0473.305.857.
- Where is CECOFREE based?
- The registered office is at Patrijsdreef 7, 3210 Lubbeek.Company details
- What is the legal form of CECOFREE?
- CECOFREE is a public limited company (NV).
- When was CECOFREE founded?
- CECOFREE was founded on 20-11-2000.
- Is CECOFREE still active?
- Yes, CECOFREE is an active enterprise in the KBO register.
- What is the turnover of CECOFREE?
- The turnover in financial year 2025 is ≈ €76,000. This figure is estimated from the gross margin of €11,279 and 2,720 comparable companies of the same size. It probably lies between €32,000 and €190,000. It is a rough estimate.Financials
- Is CECOFREE profitable?
- In financial year 2025, CECOFREE made a loss of €2,666.
- Where can I find the annual accounts of CECOFREE?
- CECOFREE filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CECOFREE due?
- CECOFREE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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