CECON Systems
ActiveThe computed 12-month bankruptcy probability of CECON Systems is 1.6% (moderate). The 2025 annual accounts show equity of €194k and a net result of €97k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 40% of 46 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-15
Solvency37▼-39
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 2.45 in 2024; short-term debt: 24.2% and cash: 5.1% of total assets), and 88.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Sector 30
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.8%
Return on assets
5.9%
Age of the figures
9 mo
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 03-03-2026, 150 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
150 d early
2024
28 d late
2023
29 d early
2022
46 d early
2021
48 d early
2020
47 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▼ 16.9%
2024 · €233k
2020: €92k
2021: €140k
2022: €268k
2023: €227k
2024: €233k
2020 → 2025
Total assets
€1.65M▲ 263%
2024 · €454k
2020: €281k
2021: €306k
2022: €512k
2023: €467k
2024: €454k
2020 → 2025
Net result
€97k▲ 19.2%
2024 · €81k
2020: €86k
2021: €47k
2022: €129k
2023: €75k
2024: €81k
2020 → 2025
Working capital
€151k▼ 35.9%
2024 · €235k
2020: €70k
2021: €113k
2022: €237k
2023: €188k
2024: €235k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€268k▲ 92.1%€227k▼ 15.5%€233k▲ 2.9%€194k▼ 16.9%
Operating result€72k-€167k▲ 132%€102k▼ 38.8%€87k▼ 14.2%€134k▲ 53.7%
Net result€47k-€129k▲ 172%€75k▼ 41.9%€81k▲ 8.9%€97k▲ 19.2%
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 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.10M▲ 1,872%
Current assets
€550k▲ 38.1%
Equity and liabilities €1.65M
Equity
€194k▼ 16.9%
Debt
€1.45M▲ 559%
The debt ratio rises from 48.6% to 88.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€151k▲
2024 · €100k
Cash flow
€113k▲
2024 · €94k
Solvency
11.8%▼
2024 · 51.4%
Current ratio
1.38▼
2024 · 2.45
Quick ratio
1.29▼
2024 · 2.29
Debt / equity
7.50▲
2024 · 0.95
ROE
50.0%▲
2024 · 34.8%
ROA
5.9%▼
2024 · 17.9%
Interest coverage
17.97▼
2024 · 22.48
Debt
€1.45M▲
2024 · €220k
Debt ≤ 1 year
€399k▲
2024 · €163k
Debt > 1 year
€941k▲
2024 · €0
Income taxes
€33k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€454k€1.65M▲
Fixed assets21/28€56k€1.10M▲
Tangible fixed assets22/27€52k€1.09M▲
Plant, machinery and equipment23€7k€17k▲
Furniture and vehicles24€40k€43k▲
Leasing and similar rights25€5k€0▼
Assets under construction and advance payments27-€1.03M
Financial fixed assets28€4k€4k=
Current assets29/58€398k€550k▲
Amounts receivable after more than one year29-€6k
Other amounts receivable291-€6k
Stocks and contracts in progress3€25k€35k▲
Stocks30/36€25k€35k▲
Amounts receivable within one year40/41€288k€382k▲
Trade receivables40€172k€128k▼
Other amounts receivable41€115k€255k▲
Cash at bank and in hand54/58€30k€84k▲
Deferred charges and accrued income490/1€55k€42k▼
Equity and liabilities
Total equity and liabilities10/49€454k€1.65M▲
Equity10/15€233k€194k▼
Contributions10/11€19k€19k=
Reserves13€133k€133k=
Distributable reserves133€133k€133k=
Profit (loss) carried forward14€81k€42k▼
Amounts payable17/49€220k€1.45M▲
Amounts payable after more than one year17€0€941k▲
Financial debts170/4€0€941k▲
Amounts payable within one year42/48€163k€399k▲
Current portion of amounts payable after more than one year42€4k€29k▲
Financial debts43-€306k
Credit institutions430/8-€306k
Trade debts44€80k€36k▼
Suppliers440/4€80k€36k▼
Taxes, remuneration and social security45€3k€27k▲
Taxes450/3€3k€27k▲
Other amounts payable47/48€75k€0▼
Accrued charges and deferred income492/3€58k€113k▲
Income statement
Code20242025
Non-recurring operating income76A-€715
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€16k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€102k€156k▲
Operating profit (loss)9901€87k€134k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€84k€130k▲
Income taxes67/77€3k€33k▲
Profit (loss) for the period9904€81k€97k▲
Profit (loss) for the period to be appropriated9905€81k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€156k€178k▲
Profit (loss) brought forward from the previous period14P€75k€81k▲
Profit to be distributed694/7€75k€136k▲
Return on contributions (dividend)694€75k€136k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €129k ▲172%
Operating result €167k, net result €129k, both a record.
31-12
Financial
Equity above €200kEq €268k ▲92.1%
3 profitable years in a row build equity to €268k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €47k ▼45.2%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €140k ▲51.1%
2 profitable years in a row build equity to €140k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Lede · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ommeganglaan 689340 LedeGround area
394 m²
Building footprint
102 m²
Volume, LiDAR
566 m³
Parcel 41034C0142/00N000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CECON Systems
since 20192.286.784.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034C0142/00N000 | Flanders | 394 m² | 1 · 102 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,181 EUR awarded · 2,181 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,335 EUR | 1,335 EUR |
| 2022 | 1 | 846 EUR | 846 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24 companies in sector 30990 we hold annual accounts for 13. 9 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2019
Fiscal year end31-12
Activities, NACEBEL
30990Manufacture of other transport equipment
22120Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
33120Repair and maintenance of machinery
77399Renting and leasing of other machinery, equipment and tangible goods
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.