CEDEZ
ActiveSummary
CEDEZ has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,625 and a net result of €5,136. Equity has been growing by about 30% per year since 2023. Its solvency ranks better than 62% of 15,759 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-06-2023 Normal situation
- Activity
- Activities of lawyers NACE 69101
- Establishment unit
- 2.346.991.907 8340 Damme, since 22-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-05-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €11,350
- ▼ 34.8%
- Turnover
- ≈ €66,000
- estimated
- Profit
- €5,136
- ▼ 46.2%
- Equity
- €29,625
- ▲ 21.0%
- Total assets
- €43,876
- ▼ 2.1%
Score breakdownraises riskFounded in 2023lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 2.70, cash €15,266Figures for financial year 2025 (filed on 29-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 69, micro). It does better than 64% of them on solvency, 69% on liquidity, 40% on profitability and 66% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 28 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 42% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €12,721 | - | - |
| Depreciation and write-downs of the year | €2,063 | €3,433 | €2,907 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as CEDEZ: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €38,000 and €48,600, founded in 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| CEDEZ Damme | 2023 | €43,876 | €29,625 | €11,350 | - | €5,136 | 2025 |
| JULIEN DE CLERCK CONSULTING De Haan | 2023 | €47,140 | €27,308 | €9,642 | - | €2,931 | 2025 |
| BERNADETTE Beringen | 2023 | €44,770 | €39,307 | €12,085 | - | €4,677 | 2026 |
| HonVal Law Liège | 2023 | €41,168 | €35,631 | €11,918 | €0 | €4,855 | 2025 |
| SHA Advocaten Antwerpen | 2023 | €48,615 | €32,738 | €11,883 | - | €8,777 | 2025 |
| LM LEGAL Tongeren-Borgloon | 2023 | €38,033 | €24,337 | €10,817 | - | €3,322 | 2025 |
| PROSPERO COPRINUS Zoersel | 2023 | €38,994 | €21,501 | €12,320 | - | €8,176 | 2025 |
They were chosen from the 9,371 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as CEDEZ has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of CEDEZ itself is lower: < 0.1% within 12 months. It rests on far more data about CEDEZ than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for CEDEZ. 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,063 | €3,433 | €2,907 | ▼ 15.3% |
| Other operating charges640/8 | €738 | €970 | €853 | ▼ 12.0% |
| Gross operating margin9900 | €18,376 | €17,406 | €11,350 | ▼ 34.8% |
| Operating profit (loss)9901 | €15,574 | €13,003 | €7,590 | ▼ 41.6% |
| Financial charges65/66B | €55 | €26 | €52 | ▲ 100% |
| Recurring financial charges65 | €55 | €26 | €52 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €15,519 | €12,977 | €7,538 | ▼ 41.9% |
| Income taxes67/77 | €3,585 | €3,423 | €2,402 | ▼ 29.8% |
| Profit (loss) for the period9904 | €11,934 | €9,554 | €5,136 | ▼ 46.2% |
| Profit (loss) for the period to be appropriated9905 | €11,934 | €9,554 | €5,136 | ▼ 46.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €34,674 | €44,831 | €43,876 | ▼ 2.1% |
| Formation expenses20 | €526 | €0 | - | - |
| Fixed assets21/28 | €11,247 | €8,340 | €5,434 | ▼ 34.9% |
| Tangible fixed assets22/27 | €11,247 | €8,340 | €5,434 | ▼ 34.9% |
| Plant, machinery and equipment23 | €9,450 | €6,943 | €4,436 | ▼ 36.1% |
| Furniture and vehicles24 | €1,797 | €1,397 | €997 | ▼ 28.6% |
| Current assets29/58 | €22,901 | €36,491 | €38,443 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €11,655 | €22,088 | €21,724 | ▼ 1.6% |
| Trade receivables40 | €11,655 | €20,613 | €21,629 | ▲ 4.9% |
| Other amounts receivable41 | - | €1,475 | €95 | ▼ 93.6% |
| Cash at bank and in hand54/58 | €9,337 | €13,154 | €15,266 | ▲ 16.1% |
| Deferred charges and accrued income490/1 | €1,909 | €1,249 | €1,453 | ▲ 16.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €34,674 | €44,831 | €43,876 | ▼ 2.1% |
| Equity10/15 | €14,934 | €24,489 | €29,625 | ▲ 21.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €11,934 | €21,489 | €26,625 | ▲ 23.9% |
| Distributable reserves133 | €11,934 | €21,489 | €26,625 | ▲ 23.9% |
| Amounts payable17/49 | €19,740 | €20,343 | €14,251 | ▼ 29.9% |
| Amounts payable within one year42/48 | €19,740 | €20,343 | €14,251 | ▼ 29.9% |
| Trade debts44 | €2,335 | €1,992 | €889 | ▼ 55.3% |
| Suppliers440/4 | €2,335 | €1,992 | €889 | ▼ 55.3% |
| Taxes, remuneration and social security45 | €11,268 | €10,357 | €6,607 | ▼ 36.2% |
| Taxes450/3 | €9,268 | €10,357 | €5,107 | ▼ 50.7% |
| Remuneration and social security454/9 | €2,000 | €0 | €1,500 | - |
| Other amounts payable47/48 | €6,137 | €7,994 | €6,755 | ▼ 15.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,934 | €9,554 | €5,136 | ▼ 46.2% |
| + Depreciation and write-downs630 | €2,063 | €3,433 | €2,907 | ▼ 15.3% |
| Operating cash flow (approximation) | €13,998 | €12,987 | €8,043 | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | -€526 | €0 | - |
| Change in cash | - | €3,816 | €2,112 | ▼ 44.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- DE ZUTTER Célin 120 shares (100%) · €3,000
Capital transactions
- 26-06-2023 Incorporation · €3,000 · 120 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Te bepalen door algemene vergadering, 1”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Artikel 14.Ontbinding-Vereffening, college van vereffenaars vertegenwoordigt vennootschap jegens derden met inbegrip van vertegenwoordiging…”
Articles of association, deed of 26-06-2023 (in Dutch)
Network & group
Board mandates elsewhere
1 board mandateConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
26-06
Gazette deed
IncorporationStarting capital €3,000 · Appointment: DE ZUTTER Célin (director) · Founder10 points ▸
- Founder, DE ZUTTER Célin (comparante)
- Incorporation, “CEDEZ” (deed in Dutch)
- Founding capital, €3,000
- Other provision, “beschikking over ingebrachte som”, 3000 (deed in Dutch)
- Capital
- Other provision, “slot-en overgangsbepalingen, comparanten nemen eenparig volgende beslissingen” (deed in Dutch)
- Registered office clause, “8340 Damme,Vierscharestraat 71” (deed in Dutch)
- Board rule, 1
- Director appointment, DE ZUTTER Célin (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- De vennootschap heeft tot voorwerp het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van Advocaten van West-Vlaanderen op de lijst van de stagiairs,op de EU-lijst of op de B-lijst voor zover van toepassing,en alle andere activiteiten die verenigbaar zijn met het beroep van advocaat,voor zover toegelaten door de deontologische beginselen,de Codex Deontologie voor Advocaten en de reglementen van de Orden van Advocaten waarvan de aandeelhouder-bestuurder deel van uitmaakt.
- De vennootschap kan deelnemen in associaties of vennootschappen die hetzelfde voorwerp nastreven.
- Zij mag,hetzij alleen,hetzij met anderen,rechtstreeks of onrechtstreeks,voor haar rekening of voor rekening van derden,alle roerende,onroerende of financiële handelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die kunnen bijdragen tot de ontwikkeling ervan.
- De vennootschap kan haar geldmiddelen beleggen in roerende of onroerende goederen,met uitsluiting van iedere activiteit die onverenigbaar is met het beroep van advocaat.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31432A0441/00T000 | Flanders | 341 m² | 1 · 118 m² | 5.0 m |