CEDEC MANAGEMENT
ActiveCEDEC MANAGEMENT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €28k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 3166 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
96
/ 100
Excellent▲ +33 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+41
Solvency84▲+58
Growth42▲+14
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.62 against 1.17 in 2024), but 59.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
40.6%
Return on assets
10.9%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €104k
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 26-05-2026, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
66 d early
2024
70 d early
2023
55 d early
2022
70 d early
2021
52 d early
2020
2 d early
2019
60 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€852k▼ 21.2%
2024 · €1.08M
2018: €1.41M
2019: €1.29M
2020: €1.27M
2021: €1.11M
2022: €925k
2023: €1.14M
2024: €1.08M
2018 → 2025
EBIT margin
4.7%▲ 4.4pp
2024 · 0.3%
2018: 2.4%
2019: 0.6%
2020: -1.9%
2021: -2.3%
2022: 0.3%
2023: 0.4%
2024: 0.3%
2018 → 2025
Net result
€28k▲ 1,026%
2024 · €2k
2018: €16k
2019: €189
2020: €-25k
2021: €-28k
2022: €2k
2023: €4k
2024: €2k
2018 → 2025
Working capital
€153k▲ 142%
2024 · €63k
2018: €97k
2019: €102k
2020: €90k
2021: €67k
2022: €54k
2023: €61k
2024: €63k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.11M-€925k▼ 16.5%€1.14M▲ 23.4%€1.08M▼ 5.4%€852k▼ 21.2%
Equity€67k-€70k▲ 3.6%€74k▲ 5.8%€76k▲ 3.4%€104k▲ 36.6%
Operating result€-25k-€3k€4k▲ 37.3%€3k▼ 32.6%€40k▲ 1,293%
Net result€-28k-€2k€4k▲ 67.4%€2k▼ 38.4%€28k▲ 1,026%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,293% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€9k▼ 52.0%
Current assets
€248k▼ 44.6%
Equity and liabilities €257k
Equity
€104k▲ 36.6%
Debt
€153k▼ 60.8%
The debt ratio falls from 83.6% to 59.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€50k▲
2024 · €12k
Cash flow
€37k▲
2024 · €12k
Solvency
40.6%▲
2024 · 16.4%
Current ratio
2.62▲
2024 · 1.17
Quick ratio
2.62▲
2024 · 1.17
Debt / equity
1.47▼
2024 · 5.11
ROE
26.8%▲
2024 · 3.2%
ROA
10.9%▲
2024 · 0.5%
Interest coverage
185.61▲
2024 · 44.03
Debt
€153k▼
2024 · €389k
Debt ≤ 1 year
€95k▼
2024 · €384k
Income taxes
€12k▲
2024 · €133
Staff costs
€151k▲
2024 · €148k
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€465k€257k▼
Fixed assets21/28€18k€9k▼
Tangible fixed assets22/27€18k€8k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€7k€1k▼
Financial fixed assets28€491€491=
Current assets29/58€447k€248k▼
Amounts receivable within one year40/41€137k€91k▼
Trade receivables40€83k€81k▼
Other amounts receivable41€54k€9k▼
Cash at bank and in hand54/58€304k€155k▼
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€465k€257k▼
Equity10/15€76k€104k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€-34k€-6k▲
Amounts payable17/49€389k€153k▼
Amounts payable within one year42/48€384k€95k▼
Trade debts44€342k€42k▼
Suppliers440/4€342k€42k▼
Taxes, remuneration and social security45€41k€52k▲
Taxes450/3-€18k
Remuneration and social security454/9€41k€34k▼
Accrued charges and deferred income492/3€5k€58k▲
Income statement
Code20242025
Turnover70€1.08M€852k▼
Goods, raw materials, services and sundry goods60/61€923k€650k▼
Remuneration, social security and pensions62€148k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€745€2k▲
Gross operating margin9900€160k€203k▲
Operating profit (loss)9901€3k€40k▲
Financial charges65/66B€271€267▼
Recurring financial charges65€271€267▼
Profit (loss) for the period before taxes9903€3k€40k▲
Income taxes67/77€133€12k▲
Profit (loss) for the period9904€2k€28k▲
Profit (loss) for the period to be appropriated9905€2k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-6k▲
Profit (loss) brought forward from the previous period14P€-36k€-34k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (4 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
11-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Board meeting5 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Board meeting5 facts ▸
- General meeting, 2026-04-17
- Director reappointment, Fabio Mazzoni (administrateur)
- Director reappointment, CEDEC Holding (administrateur)
- Board meeting, 2026-04-17
- Director reappointment, Fabio Mazzoni (administrateur-délégué chargé de la gestion journalière et de la représentation de la société)
10-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Board meeting6 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Board meeting6 facts ▸
- General meeting, 2026-04-17
- Director reappointment, Fabio Mazzoni (administrateur)
- Director reappointment, CEDEC Holding (administrateur)
- Board meeting, 2026-04-17
- Director reappointment, Fabio Mazzoni (administrateur-délégué chargé de la gestion journalière et de la représentation de la société)
- Permanent representative, Thierry Dekens
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €28k ▲1026%
Operating result €40k, net result €28k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.62
Current ratio from 1.17 to 2.62; short-term debt falls from €384k to €95k.
31-12
Financial
Equity above €100kEq €104k ▲36.6%
4 profitable years in a row build equity to €104k.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
CEDEC HOLDING
CurrentDirector · since 17-04-2026 · Legal entity
Fabio Mazzoni
CurrentDirector · since 17-04-2026
17-04-2026
CEDEC HOLDING: Mandate renewed as Director
17-04-2026
Fabio Mazzoni: Mandate renewed as Director
17-04-2026
Fabio Mazzoni: Mandate renewed as Administrateur délégué chargé de la gestion journalière et de la représentation de la société
13-07-2020
Alberto Pijuan Prats: Resigned as Director
13-07-2020
Alberto Pijuan Prats: Resigned as Managing director
19-02-2018
NIC CONSULTANCY SPRL: Resigned as Director
19-02-2018
NIC CONSULTANCY SPRL: Resigned as Managing director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2017
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.
Egide Van Ophemstraat 401180 UkkelGround area
1,103 m²
Parcel 21616G0176/00X003, Brussels. Linked by address, not a title deed.
1 establishment unit
Cedec Management
since 20172.262.295.069
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00X003 | Brussels | 1,103 m² | - | - |
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.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
viaFabio Mazzoni · Director
former→
viaFabio Mazzoni · Director
former→
Similar companies · same sector, comparable size
SKIPTOBUILD
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SJB Consulting
BE 0659.820.922
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Lvl-Up Management
BE 1006.159.224
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WILMAR
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Roeselare · Eq €104k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 40,513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-01-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.