Cedefin
ActiveSummary
Cedefin has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €50k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency81▼-19
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 7.32 in 2024; short-term debt: 44.4% and cash: 20.8% of total assets), and 44.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
55.6%
Return on assets
28.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
26 d early
2023
48 d early
2022
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€99k▼ 11.8%
2024 · €113k
2022: €17klowest in 4 years
2023: €66k▲ +288% vs 2022
2024: €113k▲ +69.6% vs 2023highest in 4 years
2025: €99k▼ -11.8% vs 2024
2022 → 2025
Total assets
€179k▲ 37.5%
2024 · €130k
2022: €53klowest in 4 years
2023: €92k▲ +74.4% vs 2022
2024: €130k▲ +41.0% vs 2023
2025: €179k▲ +37.5% vs 2024highest in 4 years
2022 → 2025
Net result
€50k▲ 8.4%
2024 · €46k
2022: €14klowest in 4 years
2023: €49k▲ +249% vs 2022
2024: €46k▼ -6.3% vs 2023
2025: €50k▲ +8.4% vs 2024highest in 4 years
2022 → 2025
Working capital
€98k▼ 10.7%
2024 · €109k
2022: €16klowest in 4 years
2023: €61k▲ +284% vs 2022
2024: €109k▲ +78.5% vs 2023highest in 4 years
2025: €98k▼ -10.7% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€17k-€66k▲ 288%€113k▲ 69.6%€99k▼ 11.8%
2022: €17klowest in 4 years
2023: €66k▲ +288% vs 2022
2024: €113k▲ +69.6% vs 2023highest in 4 years
2025: €99k▼ -11.8% vs 2024
Operating result€18k-€63k▲ 254%€65k▲ 1.8%€69k▲ 6.5%
2022: €18klowest in 4 years
2023: €63k▲ +254% vs 2022
2024: €65k▲ +1.8% vs 2023
2025: €69k▲ +6.5% vs 2024highest in 4 years
Net result€14k-€49k▲ 249%€46k▼ 6.3%€50k▲ 8.4%
2022: €14klowest in 4 years
2023: €49k▲ +249% vs 2022
2024: €46k▼ -6.3% vs 2023
2025: €50k▲ +8.4% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€2k ▼ 46.7%
Current assets
€177k ▲ 39.8%
Equity and liabilities €179k
Equity
€99k ▼ 11.8%
Debt
€79k ▲ 359%
Debt's share of the balance-sheet total rises from 13.3% to 44.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70k▲
2024 · €66k
Cash flow
€52k▲
2024 · €48k
Current ratio
2.23▼
2024 · 7.32
Debt to equity
0.80▲
2024 · 0.15
ROE
50.5%▲
2024 · 41.0%
ROA
28.1%▼
2024 · 35.6%
Interest coverage
86.56▲
2024 · 60.13
Debt ≤ 1 year
€79k▲
2024 · €17k
Income taxes
€19k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€130k€179k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€1k€252▼
Current assets29/58€127k€177k▲
Amounts receivable within one year40/41€17k€17k▲
Trade receivables40€17k€17k▲
Current investments50/53€50k€120k▲
Cash at bank and in hand54/58€58k€37k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€130k€179k▲
Equity10/15€113k€99k▼
Contributions10/11€3k€3k=
Reserves13€46k€96k▲
Distributable reserves133€46k€96k▲
Profit (loss) carried forward14€63k-
Amounts payable17/49€17k€79k▲
Amounts payable within one year42/48€17k€79k▲
Trade debts44€450€33▼
Suppliers440/4€450€33▼
Taxes, remuneration and social security45€12k€20k▲
Taxes450/3€12k€20k▲
Other amounts payable47/48€5k€59k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€67k€71k▲
Operating profit (loss)9901€65k€69k▲
Financial income75/76B€581€1k▲
Recurring financial income75€581€1k▲
Financial charges65/66B€1k€813▼
Recurring financial charges65€1k€813▼
Profit (loss) for the period before taxes9903€64k€69k▲
Income taxes67/77€18k€19k▲
Profit (loss) for the period9904€46k€50k▲
Profit (loss) for the period to be appropriated9905€46k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€110k€114k▲
Profit (loss) brought forward from the previous period14P€63k€63k=
Transfer to equity691/2€46k€50k▲
To other reserves6921€46k€50k▲
Profit to be distributed694/7-€63k
Return on contributions (dividend)694-€63k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €167 | €1k | €2k | €2k | ▼ 9.4% |
| Other operating charges640/8 | - | - | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €18k | €65k | €67k | €71k | ▲ 6.0% |
| Operating profit (loss)9901 | €18k | €63k | €65k | €69k | ▲ 6.5% |
| Financial income75/76B | - | €19 | €581 | €1k | ▲ 146% |
| Recurring financial income75 | - | €19 | €581 | €1k | ▲ 146% |
| Financial charges65/66B | €186 | €1k | €1k | €813 | ▼ 26.3% |
| Recurring financial charges65 | €186 | €1k | €1k | €813 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €18k | €62k | €64k | €69k | ▲ 8.3% |
| Income taxes67/77 | €4k | €13k | €18k | €19k | ▲ 8.0% |
| Profit (loss) for the period9904 | €14k | €49k | €46k | €50k | ▲ 8.4% |
| Profit (loss) for the period to be appropriated9905 | €14k | €49k | €46k | €50k | ▲ 8.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €53k | €92k | €130k | €179k | ▲ 37.5% |
| Fixed assets21/28 | €1k | €5k | €3k | €2k | ▼ 46.7% |
| Tangible fixed assets22/27 | €1k | €5k | €3k | €2k | ▼ 46.7% |
| Plant, machinery and equipment23 | €1k | €3k | €2k | €2k | ▼ 35.1% |
| Furniture and vehicles24 | - | €2k | €1k | €252 | ▼ 74.9% |
| Current assets29/58 | €52k | €87k | €127k | €177k | ▲ 39.8% |
| Amounts receivable within one year40/41 | €15k | €14k | €17k | €17k | ▲ 3.8% |
| Trade receivables40 | €15k | €14k | €17k | €17k | ▲ 3.8% |
| Current investments50/53 | - | - | €50k | €120k | ▲ 140% |
| Cash at bank and in hand54/58 | €34k | €71k | €58k | €37k | ▼ 35.4% |
| Deferred charges and accrued income490/1 | €3k | €2k | €2k | €2k | ▲ 4.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €53k | €92k | €130k | €179k | ▲ 37.5% |
| Equity10/15 | €17k | €66k | €113k | €99k | ▼ 11.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | - | - | €46k | €96k | ▲ 108% |
| Distributable reserves133 | - | - | €46k | €96k | ▲ 108% |
| Profit (loss) carried forward14 | €14k | €63k | €63k | - | - |
| Amounts payable17/49 | €36k | €26k | €17k | €79k | ▲ 359% |
| Amounts payable within one year42/48 | €36k | €26k | €17k | €79k | ▲ 359% |
| Trade debts44 | €2k | €914 | €450 | €33 | ▼ 92.7% |
| Suppliers440/4 | €2k | €914 | €450 | €33 | ▼ 92.7% |
| Taxes, remuneration and social security45 | €12k | €20k | €12k | €20k | ▲ 70.1% |
| Taxes450/3 | €11k | €20k | €12k | €20k | ▲ 70.1% |
| Remuneration and social security454/9 | €900 | - | - | - | - |
| Other amounts payable47/48 | €22k | €5k | €5k | €59k | ▲ 1,125% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €49k | €46k | €50k | ▲ 8.4% |
| + Depreciation and write-downs630 | €167 | €1k | €2k | €2k | ▼ 9.4% |
| Operating cash flow (approximation) | €14k | €50k | €48k | €52k | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | - |
| Change in cash | - | €37k | €-13k | €-20k | ▼ 53.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €50k ▲8.4%
Operating result €69k, net result €50k, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 7.32
Current ratio from 3.38 to 7.32; short-term debt falls from €26k to €17k.
30-09
Financial
Equity above €100kEq €113k ▲69.6%
3 profitable years in a row build equity to €113k.
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 3.38
Current ratio from 1.45 to 3.38; short-term debt falls from €36k to €26k.
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Braine-l'Alleud · 1 establishment unit since 2022
Ground area
1,059 m²
Building footprint
168 m²
Volume, LiDAR
791 m³
Parcel 25014A0897/00S006, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Cedefin
since 20222.330.132.218
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014A0897/00S006 | Wallonia | 1,059 m² | 1 · 168 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2022
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.