Equity
-€19,860
Debts exceed assets in financial year 2025.
CEDAGRI
Lifetime
7 annual accounts with figures on one time axispeak €67,467 (2019)
€3,299▲ €3,586
lowest -€21,988 (2022)
-€4,942▼ €8,146
peak €22,235 (2020)
-€19,860▼ €4,942
€77,353▼ 6.7%
Board4 names since 2018
3 directorsMarcel THONUS and 2 others
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from -€287 to €3,299Loss of €4,942Equity from -€14,919 to -€19,860Cash from €30,246 to €11,204
Key points
from the 2025 annual accountsDebts
€77,353 135% of the balance sheet
Position in the sector
-€19,860
Less equity than 94% of companies in building services and landscaping. Sector median €44,713 · 5,734 companies.
2025 accounts filed 29 days after the deadline
Checked score
53
Fair
Financially stronger than 14% of micro companies in building services and landscaping (NACE 81)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.4%▼ -0.1 percentage points vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 2.2%▲ +0.7 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -1.2 percentage points vs 08-2025
10-2025: 0.9%▼ -0.1 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.8%▼ -0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 1.6%▲ +0.3 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€19,860
Loss of €4,942 (financial year 2025)
Sector: Services to buildings and landscape activities (NACE 81)
lowers risk
Size: total assets €57,492
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 81, micro). It does better than 3% of them on solvency, 16% on liquidity, 26% on profitability and 13% 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 moderate class on 30-06-2025, 2.4% 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, 1,564 companies had the same profile as CEDAGRI has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CEDAGRI itself: 1.6% 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 1,564 companies, not a prediction for CEDAGRI. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.53 (0.59 in 2024), below 1. Short-term debt is 134.5% and cash 19.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€19,860
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 7 filingsDeviation from the deadline
2025
29 days late
2024
30 days late
2023
20 days late
2022
30 days late
2021
5 days early
2020
4 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% 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 29 August (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- THONUS Marcel Roger Jacques founderdeed of 08-03-2018
- THONUS Cédric Marie Johan founderdeed of 08-03-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0691778759
Legal-form change · Resignations & appointments
General meeting of 22-09-2023 · Gazette deed
Appointments: Marcel THONUS (director) and Cédric THONUS (managing director)
Gazette deed
Resignation: Marcel THONUS (director)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CEDAGRI Grez-Doiceau | €57,492 | €3,299 | -34.5% | - |
| Nélis Dominique Namur | €56,855 | €4,769 | 50.8% | - |
| QUERCIFOLIA Temse | €47,896 | €4,653 | 34.6% | - |
| AGRIDOMO Londerzeel | €57,439 | €4,471 | 3.1% | - |
| Bouw- en tuinwerken Princen Patrick Geetbets | €79,351 | €3,711 | 11.8% | - |
| TACOMA Merchtem | €49,067 | €2,227 | 97.1% | - |
| Pirotte Niki Diest | €83,955 | €3,866 | 42.8% | - |
These companies have the same main activity as CEDAGRI: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €47,900 and €84,000, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 06-03-2018Normal situation
- Activity
- Landscape service activitiesNACE 81300and 3 others
- Establishment unit
- 2.274.006.5331390 Grez-Doiceau, since 06-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 07-02-2026
Insights on CEDAGRI
CEDAGRI files the micro format. That format states no turnover. The gross margin fell from €67,467 in 2019 to €3,299 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 CEDAGRI
- What is the company number of CEDAGRI?
- The company number of CEDAGRI is 0691.778.759. The VAT number is the same number with BE in front: BE 0691.778.759.
- Where is CEDAGRI based?
- The registered office is at Rue du Tilleul 15, 1390 Grez-Doiceau.Company details
- What does CEDAGRI do?
- According to the KBO register, the main activity is landscape service activities (NACE 81300).
- What is the legal form of CEDAGRI?
- CEDAGRI is a private limited company (BV).
- When was CEDAGRI founded?
- CEDAGRI was founded on 06-03-2018.
- Is CEDAGRI still active?
- Yes, CEDAGRI is an active enterprise in the KBO register.
- What is the turnover of CEDAGRI?
- The turnover in financial year 2025 is ≈ €25,000. This figure is estimated from the gross margin of €3,299 and 36 comparable companies (NACE 81300). It probably lies between €16,000 and €47,000. It is a rough estimate.Financials
- Is CEDAGRI profitable?
- In financial year 2025, CEDAGRI made a loss of €4,942.
- Where can I find the annual accounts of CEDAGRI?
- CEDAGRI filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CEDAGRI due?
- CEDAGRI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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