Equity
€193,805 ▼ 16.9%
CECON Systems paid out €136,258 in dividends. That is 141% of the 2025 profit.
CECON Systems
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €180,844 (2022)
€155,703▲ 53.2%
Resultpeak €128,512 (2022)
€96,849▲ 19.2%
Equitypeak €268,068 (2022)
€193,805▼ 16.9%
Debts
€1.5m▲ 559%
Board2 names since 2019
2 directorsBaeyens Preben and 1 other
Documentsfilings and deeds
03-03-2026150 days before the deadline
2025micro format
Gross margin from €101,657 to €155,703Dividend €136,258Equity from €233,214 to €193,805Debts from €220,449 to €1.5mInvestments €1.1mCash from €30,497 to €84,422
Key points
from the 2025 annual accountsTurnover
≈ €390,000 estimated
The micro format states no turnover.
Debts
€1.5m 88% of the balance sheet
Financial debts 86%Suppliers 2%Taxes and wages 2%Other 10%
Of this, €398,816 falls due within a year.
Investments
€1.1m 65.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 157.8% higher than in 2024.
Filings
6 annual accounts 1 late
The 2024 accounts came 28 days late. The other five were filed on time.
Position in the sector
€96,849
Higher net result than 91% of companies in other transport equipment. Sector median €396 · 66 companies.
Checked score
82
Excellent
Financially stronger than 45% of micro companies in other transport equipment (NACE 30)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 140 companies (NACE 30, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.3 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -0.2 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €193,805 (11.8% of total assets)
Sector: Manufacture of other transport equipment (NACE 30)
lowers risk
Size: total assets €1.6m
Figures for financial year 2025 (filed on 04-03-2026)
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 (NACE 30, micro). It does better than 36% of them on solvency, 47% on liquidity, 73% on profitability and 26% on growth.
The bankruptcy probability was computed on 04-11-2026 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, 2,684 companies had the same profile as CECON Systems has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CECON Systems itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,684 companies, not a prediction for CECON Systems. 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 €15,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (2.45 in 2024), below the usual 1.5. Short-term debt is 24.2% and cash 5.1% of total assets. 88.2% 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 riskneutral
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 days early
2024
28 days late
2023
29 days early
2022
46 days early
2021
48 days early
2020
47 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 49 days before the deadline. In the sector (NACE 30), the median for financial year 2024 was 16 days before the deadline, and 30% of those companies filed 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 15 June (4 of the last 5 accounts filed within 74 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Lede to Welle
New registered office: Bontebeek 60, 9473 Welle · Previous registered office: Ommeganglaan 68, 9340 Lede · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0722820145
Change of role: Baeyens Preben, from manager to director
Appointment: De Vriendt Karolien (director) · Director discharge: Baeyens Preben · General meeting of 27-12-2023 · Gazette deed
First establishment
Bontebeek 60, Denderleeuw
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| CECON Systems Denderleeuw | €1.6m | €0.2m | 11.8% | - |
| PLAKONI PROJECTS Genk | €1.8m | €0.5m | 47.3% | 5.6 |
| VAN EYNDE CHRIS Putte | €0.3m | €0.2m | 39.7% | - |
| T & T Quality Go-Carts Bruges | €0.9m | €1.0m | 96.4% | - |
| ASTEMAC Tournai | €7.5m | €1.6m | 20.7% | 8.9 |
| Patient Transport Systems Sint-Niklaas | €2.5m | €1.2m | 62.5% | 11.6 |
| ALTRAD BENELUX Boortmeerbeek | €10.0m | - | 39.2% | 21.5 |
These companies have the same main activity as CECON Systems: manufacture of other transport equipment (NACE 30990). They are comparable in size and age: total assets between €270,000 and €10m, founded between 1997 and 2006.
Official details
Source: KBO- Status
- Active since 15-03-2019Normal situation
- Activity
- Manufacture of other transport equipmentNACE 30990and 6 others
- Establishment unit
- 2.286.784.2059473 Denderleeuw, since 01-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Total assets
- €1.6m▲ 263%
- Filing
- Filed on 03-03-2026, 150 days before the end of the filing period
Insights on CECON Systems
CECON Systems files the micro format. That format states no turnover. The gross margin rose from €143,456 in 2020 to €155,703 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
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 CECON Systems
- What is the company number of CECON Systems?
- The company number of CECON Systems is 0722.820.145. The VAT number is the same number with BE in front: BE 0722.820.145.
- Where is CECON Systems based?
- The registered office is at Bontebeek 60, 9473 Denderleeuw.Company details
- What does CECON Systems do?
- According to the KBO register, the main activity is manufacture of other transport equipment (NACE 30990).
- What is the legal form of CECON Systems?
- CECON Systems is a private limited company (BV).
- When was CECON Systems founded?
- CECON Systems was founded on 15-03-2019.
- Is CECON Systems still active?
- Yes, CECON Systems is an active enterprise in the KBO register.
- What is the turnover of CECON Systems?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €155,703 and 2,216 comparable companies of the same size. It probably lies between €260,000 and €600,000. It is a rough estimate.Financials
- Is CECON Systems profitable?
- In financial year 2025, CECON Systems made a profit of €96,849.
- Where can I find the annual accounts of CECON Systems?
- CECON Systems filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CECON Systems due?
- CECON Systems must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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