Result
€233,056 €233,056
Back in profit in 2025, after a loss of €45,140 in 2024.
CECOMAR
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €198,189 (2012)
€41,026▲ €41,927
lowest -€45,140 (2024)
€233,056▲ €278,195
peak €1.0m (2025)
€1.0m▲ 29.8%
€591,047▼ 36.3%
Board3 names since 2007
2 directorsArnold Smets and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from -€901 to €41,026Back to profit: €233,056Reappointments: Corneel Smets (director) and Arnold Smets (di… 22-07Equity from €782,842 to €1.0mDebts from €927,374 to €591,047Cash from €140,067 to €37,896
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 63% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● 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 0.53, cash €37,896, halved
No main activity registered
lowers risk
Size: total assets €1.6m
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, 47% on liquidity, 69% on profitability and 81% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 20,137 companies had the same profile as CECOMAR has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of CECOMAR itself: 0.1% 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 20,137 companies, not a prediction for CECOMAR. 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 €90,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.42 in 2024), below 1. Short-term debt is 5.4% and cash 2.3% of total assets. 37.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
27 days early
2023
28 days early
2022
30 days late
2021
31 days late
2020
61 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 18 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 30 August (5 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointments: Corneel Smets (director) and Arnold Smets (director)
General meeting of 30-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446269779
1 director resigning, 2 reappointments
Reappointments: Smets Arnold (managing director) and Smets Corneel (chair of the board) · Resignation: Van Haegenberg Maria Lowieza · General meeting of 31-05-2019 · Gazette deed
First establishment
CECOMAR NV, Brielen 39, Willebroek
Official details
Source: KBO- Status
- Active since 10-01-1992Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.055.986.3632830 Willebroek, since 28-01-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 06-06-2025
Insights on CECOMAR
CECOMAR has existed since 1992. In 2012 the gross margin rose from €2,466 to €198,189.
Solvency rose in 2025 from 45.0% to 62.2% because of the retained profit and lower debts.
In September 2022, the Official Gazette published the appointment of Arnold Smets as managing director.
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 CECOMAR
- What is the company number of CECOMAR?
- The company number of CECOMAR is 0446.269.779. The VAT number is the same number with BE in front: BE 0446.269.779.
- Where is CECOMAR based?
- The registered office is at Brielen 39, 2830 Willebroek.Company details
- What is the legal form of CECOMAR?
- CECOMAR is a public limited company (NV).
- When was CECOMAR founded?
- CECOMAR was founded on 10-01-1992.
- Is CECOMAR still active?
- Yes, CECOMAR is an active enterprise in the KBO register.
- What is the turnover of CECOMAR?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €41,026 and 1,231 comparable companies of the same size. It probably lies between €79,000 and €280,000. It is a rough estimate.Financials
- Is CECOMAR profitable?
- In financial year 2025, CECOMAR made a profit of €233,056.
- Where can I find the annual accounts of CECOMAR?
- CECOMAR filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CECOMAR due?
- CECOMAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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