CEDE Projects
ActiveSummary
CEDE Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€108,426. Its solvency ranks better than 40% of 11,192 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €1.1m
- Loss
- -€108,426
- Parent
- CEDEFRA HOLDING · 100%
- CEDEFRA HOLDINGDirector · permanent representative Fransen,Tom Lodewijk Adriana
Why 89raises riskLiquidity: current ratio 3.01, cash €26,247, halvedFounded in 2023lowers riskSize: total assets €5.3mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 40% on solvency, 61% on liquidity, 64% on profitability and 16% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 37 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- IncorporationAppointment: CEDEFRA HOLDING (director) ·…
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €89,480 after €1.7m in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.5% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.5m | ▲ 16× |
| Other operating charges640/8 | €0.004m | €0.004m | ▼ 10.9% |
| Gross operating margin9900 | €1.7m | €0.4m | ▼ 74.3% |
| Operating profit (loss)9901 | €1.7m | -€0.09m | - |
| Financial income75/76B | €0 | €0.02m | ▲ 353,068× |
| Recurring financial income75 | €0 | €0.02m | ▲ 353,068× |
| Financial charges65/66B | €0.07m | €0.04m | ▼ 41.2% |
| Recurring financial charges65 | €0.07m | €0.04m | ▼ 41.2% |
| Profit (loss) for the period before taxes9903 | €1.6m | -€0.1m | - |
| Income taxes67/77 | €0.4m | - | - |
| Profit (loss) for the period9904 | €1.2m | -€0.1m | - |
| Transfer to tax-exempt reserves689 | €0.4m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.8m | -€0.1m | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.4m | €5.3m | ▲ 122% |
| Fixed assets21/28 | €0.7m | €4.0m | ▲ 523% |
| Tangible fixed assets22/27 | €0.7m | €4.0m | ▲ 523% |
| Land and buildings22 | €0.7m | €4.0m | ▲ 523% |
| Current assets29/58 | €1.7m | €1.2m | ▼ 28.9% |
| Stocks and contracts in progress3 | €0.9m | €1.2m | ▲ 35.3% |
| Stocks30/36 | €0.9m | €1.2m | ▲ 35.3% |
| Amounts receivable within one year40/41 | €115 | €322 | ▲ 180% |
| Other amounts receivable41 | €115 | €322 | ▲ 180% |
| Cash at bank and in hand54/58 | €0.8m | €0.03m | ▼ 96.9% |
| Deferred charges and accrued income490/1 | €275 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.4m | €5.3m | ▲ 122% |
| Equity10/15 | €1.4m | €1.1m | ▼ 20.6% |
| Contributions10/11 | €0.2m | €0.2m | = |
| Reserves13 | €0.4m | €1.0m | ▲ 149% |
| Tax-exempt reserves132 | €0.4m | €0.4m | = |
| Distributable reserves133 | - | €0.6m | - |
| Profit (loss) carried forward14 | €0.8m | -€0.1m | - |
| Amounts payable17/49 | €1.0m | €4.2m | ▲ 316% |
| Amounts payable after more than one year17 | €0.7m | €3.8m | ▲ 440% |
| Financial debts170/4 | €0.7m | €3.8m | ▲ 440% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | ▲ 33.2% |
| Current portion of amounts payable after more than one year42 | - | €0.04m | - |
| Trade debts44 | €228 | - | - |
| Suppliers440/4 | €228 | - | - |
| Taxes, remuneration and social security45 | €0.3m | €0.4m | ▲ 21.5% |
| Taxes450/3 | €0.3m | €0.4m | ▲ 21.5% |
| Accrued charges and deferred income492/3 | - | €349 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | -€0.1m | - |
| + Depreciation and write-downs630 | €0.03m | €0.5m | ▲ 16× |
| Operating cash flow (approximation) | €1.3m | €0.4m | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | -€3.9m | - |
| Change in cash | - | -€0.8m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00272334 |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00130386 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CEDEFRA HOLDING |
|
Owners and capital
Owners
1 ownerChain of control
- CEDEFRA HOLDING
- CEDE Projects
Highest known parent: CEDEFRA HOLDING. The sources do not say who stands above it.
Owners 1
- CEDEFRA HOLDINGparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
8 connected companiesShow 4 more companies with a shared director
History
Acts, filings and financial milestones
27-04
Gazette deed
IncorporationAppointment: CEDEFRA HOLDING (director) · Permanent representative: Fransen,Tom Lodewijk Adriana · Founder11 facts ▸
- Founder, CEDEFRA HOLDING
- Incorporation, “CEDE Projects” (deed in Dutch)
- Director in office, Fransen,Tom Lodewijk Adriana (director)
- Founding capital, €150,000
- Registered office clause, “2360 Oud-Turnhout,Beyntel 5” (deed in Dutch)
- Director appointment, CEDEFRA HOLDING (director (not named in the articles))
- Permanent representative, Fransen,Tom Lodewijk Adriana
- Declaration, “aanvaarding mandaat, mandaat van bestuurder” (deed in Dutch)
- Declaration, “aanvaarding mandaat, mandaat van vaste vertegenwoordiger” (deed in Dutch)
- Other provision, “vergoeding bestuurders, mandaat van bestuurder onbezoldigd” (deed in Dutch)
- Declaration, “prijs dienstverlening voorgaande volmacht, lastgever” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0801.128.443
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13031C0789/00L000 | Flanders | 9,716 m² | 1 · 2,795 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het beheer van een onroerend of roerend vermogen en de huurfinanciering van roerende en onroerende goederen aan derden,het…” (deed in Dutch)
17 activities (deed in Dutch)
- Het beheer van een onroerend of roerend vermogen en de huurfinanciering van roerende en onroerende goederen aan derden,het aankopen,ruilen,doen bouwen,doen verbouwen,onderhouden,verhuren,huren,prospecteren en uitbaten van onroerende goederen,verstrekken en genieten van zakelijke rechten zoals vruchtgebruik,opstalrecht,erfpacht met betrekking tot haar patrimonium aan derden alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- De projectontwikkeling inzake onroerend goed
- De uitvoering van alle renovatiewerken en alle verbouwingswerken aan gebouwen,evenals het onderhoud van gebouwen
- Het doen opbrengen van onroerende goederen,inzonderheid door het oprichten van appartements- of andere gebouwen,met hun binnenhuisinrichting en voltooiing en vervolgens met hun beheer en uitbating
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en,algemeen genomen,alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van kunstwerken en gebouwen
- Het coördineren van allerhande bouwwerken
- De algemene coördinatie van de werkzaamheden op de bouwwerf
- Het makelen en bemiddelen inzake factoring- en leasingverrichtingen,zowel operationele als financiële leasing
- Onroerende leasing
- Het verlenen van bijstand,advies,management en andere diensten aan bedrijven,privépersonen en instellingen. De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuurdersfuncties waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. De diensten kunnen worden geleverd krachtens contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard,in de ruimste zin bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur
- Het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen
- Het bevorderen van de oprichting van vennootschappen door inbreng,participaties of investeringen
- Het toestaan van leningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten
- Beleggingen en beheer van vermogens,gaande van onroerende goederen en rechten tot roerende goederen en kapitalen,dit alles hetzij voor eigen rekening,hetzij voor rekening van derden of in deelname met derden
- Het waarnemen van alle bestuurs- en controleopdrachten,het uitoefenen van opdrachten en functies
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CEDE Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, Bestuur-Vertegenwoordiging” (deed in Dutch)“Bestuurder(s)/college van bestuurders, alle handelingen nodig of dienstig voor verwezenlijking voorwerp” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Commissaris of,als er geen is,bedrijfsrevisor aangewezen binnen twee weken door bestuursorgaan,bindende derdenbeslissing, niet hoger dan…” (deed in Dutch)“1. Toepassingsgebied, zonder enige goedkeuring” (deed in Dutch)“Verkoop aan andere personen dan hierboven vermeld, na aftrek van aandelen waarvan overdracht wordt voorgesteld” (deed in Dutch)“3. Overgang bij overlijden, overeenkomstig procedure voorzien in artikel 13.2” (deed in Dutch)“4. Sanctie bij schending, ongeacht goede of kwade trouw overnemer” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 1 June at 11:00