CEDCO SOLUTIONS
ActiveCEDCO SOLUTIONS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €16k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 6712 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
76
/ 100
Excellent▲ +26 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency29▼-13
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 4.89 in 2023), and 79.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.1%
Return on assets
6.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-10-2025, 79 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
79 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€50k▲ 45.2%
2023 · €35k
2018: €21k
2019: €23k
2020: €25k
2021: €25k
2022: €35k
2023: €35k
2018 → 2024
Total assets
€249k▼ 6.8%
2023 · €268k
2018: €90k
2019: €301k
2020: €240k
2021: €288k
2022: €280k
2023: €268k
2018 → 2024
Net result
€16k
2023 · €-863
2018: €15k
2019: €3k
2020: €2k
2021: €430
2022: €10k
2023: €-863
2018 → 2024
Working capital
€40k▼ 80.6%
2023 · €207k
2018: €37k
2019: €57k
2020: €17k
2021: €20k
2022: €215k
2023: €207k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€25k▲ 1.7%€35k▲ 40.8%€35k▼ 2.4%€50k▲ 45.2%
Operating result€3k-€2k▼ 47.7%€14k▲ 683%€-2k€30k
Net result€2k-€430▼ 77.6%€10k▲ 2,289%€-863€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €30k after a loss of €2k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €249k
Fixed assets
€10k▲ 27.6%
Current assets
€239k▼ 7.9%
Equity and liabilities €249k
Equity
€50k▲ 45.2%
Debt
€199k▼ 14.5%
The debt ratio falls from 87.1% to 79.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€35k▲
2023 · €2k
Cash flow
€20k▲
2023 · €3k
Solvency
20.1%▲
2023 · 12.9%
Current ratio
1.20▼
2023 · 4.89
Quick ratio
1.01▼
2023 · 3.80
Debt / equity
3.97▼
2023 · 6.74
ROE
31.1%▲
2023 · -2.5%
ROA
6.3%▲
2023 · -0.3%
Interest coverage
136.32▲
2023 · 25.71
Debt
€199k▼
2023 · €233k
Debt ≤ 1 year
€199k▲
2023 · €53k
Income taxes
€15k▲
2023 · €-975
Staff costs
€151k▲
2023 · €59k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€268k€249k▼
Fixed assets21/28€8k€10k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€8k€8k▲
Furniture and vehicles24€8k€8k▲
Current assets29/58€260k€239k▼
Stocks and contracts in progress3€58k€38k▼
Stocks30/36€58k€38k▼
Amounts receivable within one year40/41€180k€144k▼
Trade receivables40€175k€133k▼
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€3k€57k▲
Deferred charges and accrued income490/1€20k-
Equity and liabilities
Total equity and liabilities10/49€268k€249k▼
Equity10/15€35k€50k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€27k€42k▲
Amounts payable17/49€233k€199k▼
Amounts payable after more than one year17€180k-
Financial debts170/4€180k-
Amounts payable within one year42/48€53k€199k▲
Trade debts44€46k€9k▼
Suppliers440/4€46k€9k▼
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€2k€10k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€3k€181k▲
Income statement
Code20232024
Remuneration, social security and pensions62€59k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€796€886▲
Gross operating margin9900€62k€187k▲
Operating profit (loss)9901€-2k€30k▲
Financial income75/76B€0€55▲
Recurring financial income75€0€55▲
Financial charges65/66B€66€255▲
Recurring financial charges65€66€255▲
Profit (loss) for the period before taxes9903€-2k€30k▲
Income taxes67/77€-975€15k▲
Profit (loss) for the period9904€-863€16k▲
Profit (loss) for the period to be appropriated9905€-863€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€42k▲
Profit (loss) brought forward from the previous period14P€27k€27k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 79 days late
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-863 ▼108%
Net result drops to €-863, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 4.35
Current ratio from 1.08 to 4.35; short-term debt falls from €263k to €64k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2016
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.
Barnkrachtstraat 29/312170 AntwerpenGround area
305 m²
Building footprint
297 m²
Volume, LiDAR
2,179 m³
Parcel 11422C0296/00V019, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cedco Solutions
since 20162.271.204.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0296/00V019 | Flanders | 305 m² | 1 · 297 m² | 12.6 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 2025 · 6 entries · 3,999 EUR awarded · 3,999 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,413 EUR | 1,413 EUR |
| 2024 | 2 | 2,095 EUR | 2,095 EUR |
| 2022 | 2 | 491 EUR | 491 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Similar companies · same sector, comparable size
AQUAREFLEX
BE 1015.629.194
Estaimpuis · Eq €50k
CALISOL
BE 0680.696.510
Rebecq · Eq €50k
DC HVAC
BE 0764.329.811
Herentals · Eq €50k
CHALDOMA
BE 0823.483.082
As · Eq €50k
SIM BUILDING
BE 1018.726.959
Gent · Eq €50k
Of 9,478 companies in sector 43222 we hold annual accounts for 5,626. 4,531 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-04-2016
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
49410Freight transport by road
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.