CéDi
ActiveSummary
The computed 12-month bankruptcy probability of CéDi is 1.9% (moderate). The 2024 annual accounts show equity of €243,216 and a net result of €60,877. Equity is growing by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 26040 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-5
Solvency75▲+11
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.21 against 2.46 in 2023; short-term debt: 29.8% and cash: 71.3% of total assets), but 50.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€243,216▲ 33.4%
2023 · €182,339
Total assets
€488,987▲ 3.4%
2023 · €472,956
Net result
€60,877▼ 20.1%
2023 · €76,165
Working capital
€322,385▲ 15.9%
2023 · €278,082
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€152,311-€101,229▼ 33.5%€83,035▼ 18.0%
Net result€101,174-€76,165▼ 24.7%€60,877▼ 20.1%
Equity€106,174-€182,339▲ 71.7%€243,216▲ 33.4%
Total assets€304,582-€472,956▲ 55.3%€488,987▲ 3.4%
Debt€198,408-€290,617▲ 46.5%€245,771▼ 15.4%
Working capital€202,914-€278,082▲ 37.0%€322,385▲ 15.9%
Staff (FTE)2.8-6▲ 114%6.7▲ 11.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 18% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €488,987
Fixed assets
€20,831 ▲ 326%
Current assets
€468,156 =
Equity and liabilities €488,987
Equity
€243,216 ▲ 33.4%
Debt
€245,771 ▼ 15.4%
Debt's share of the balance-sheet total falls from 61.4% to 50.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87,873▼
2023 · €103,289
Cash flow
€65,716▼
2023 · €78,225
Current ratio
3.21▲
2023 · 2.46
Quick ratio
2.75▲
2023 · 2.14
Debt to equity
1.01▼
2023 · 1.59
ROE
25.0%▼
2023 · 41.8%
ROA
12.4%▼
2023 · 16.1%
Interest coverage
22.91▼
2023 · 33.80
Debt ≤ 1 year
€145,771▼
2023 · €189,981
Debt > 1 year
€100,000=
2023 · €100,000
Income taxes
€19,422▼
2023 · €22,041
Staff costs
€151,811▼
2023 · €155,468
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €90,967 | €155,468 | €151,811 | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,275 | €2,060 | €4,838 | ▲ 135% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,100 | €0 | ▼ 100% |
| Other operating charges640/8 | €375 | €115 | €4,647 | ▲ 3,941% |
| Gross operating margin9900 | €245,929 | €262,972 | €244,331 | ▼ 7.1% |
| Operating profit (loss)9901 | €152,311 | €101,229 | €83,035 | ▼ 18.0% |
| Financial income75/76B | €384 | €32 | €1,100 | ▲ 3,294% |
| Recurring financial income75 | €384 | €32 | €1,100 | ▲ 3,294% |
| Financial charges65/66B | €9,007 | €3,056 | €3,836 | ▲ 25.5% |
| Recurring financial charges65 | €9,007 | €3,056 | €3,836 | ▲ 25.5% |
| Profit (loss) for the period before taxes9903 | €143,688 | €98,206 | €80,299 | ▼ 18.2% |
| Income taxes67/77 | €42,514 | €22,041 | €19,422 | ▼ 11.9% |
| Profit (loss) for the period9904 | €101,174 | €76,165 | €60,877 | ▼ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €101,174 | €76,165 | €60,877 | ▼ 20.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €304,582 | €472,956 | €488,987 | ▲ 3.4% |
| Formation expenses20 | €735 | €0 | - | - |
| Fixed assets21/28 | €3,160 | €4,894 | €20,831 | ▲ 326% |
| Tangible fixed assets22/27 | €3,008 | €4,742 | €20,679 | ▲ 336% |
| Plant, machinery and equipment23 | - | - | €4,584 | - |
| Furniture and vehicles24 | €3,008 | €4,742 | €16,094 | ▲ 239% |
| Financial fixed assets28 | €152 | €152 | €152 | = |
| Current assets29/58 | €300,687 | €468,062 | €468,156 | = |
| Stocks and contracts in progress3 | €75,305 | €62,408 | €67,757 | ▲ 8.6% |
| Stocks30/36 | €75,305 | €62,408 | €67,757 | ▲ 8.6% |
| Amounts receivable within one year40/41 | €20,300 | €43,531 | €50,816 | ▲ 16.7% |
| Trade receivables40 | €14,856 | €15,429 | €9,588 | ▼ 37.9% |
| Other amounts receivable41 | €5,444 | €28,102 | €41,228 | ▲ 46.7% |
| Cash at bank and in hand54/58 | €200,464 | €361,438 | €348,477 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | €4,617 | €685 | €1,107 | ▲ 61.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €304,582 | €472,956 | €488,987 | ▲ 3.4% |
| Equity10/15 | €106,174 | €182,339 | €243,216 | ▲ 33.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €101,174 | €177,339 | €238,216 | ▲ 34.3% |
| Distributable reserves133 | €101,174 | €177,339 | €238,216 | ▲ 34.3% |
| Amounts payable17/49 | €198,408 | €290,617 | €245,771 | ▼ 15.4% |
| Amounts payable after more than one year17 | €100,000 | €100,000 | €100,000 | = |
| Trade debts175 | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €97,773 | €189,981 | €145,771 | ▼ 23.3% |
| Financial debts43 | €279 | €402 | €0 | ▼ 100% |
| Credit institutions430/8 | €279 | €402 | €0 | ▼ 100% |
| Trade debts44 | €46,726 | €124,595 | €120,457 | ▼ 3.3% |
| Suppliers440/4 | €46,726 | €124,595 | €120,457 | ▼ 3.3% |
| Advances received on contracts in progress46 | €1,155 | €0 | - | - |
| Taxes, remuneration and social security45 | €45,759 | €58,435 | €24,832 | ▼ 57.5% |
| Taxes450/3 | €19,404 | €22,036 | €4,728 | ▼ 78.5% |
| Remuneration and social security454/9 | €26,356 | €36,399 | €20,104 | ▼ 44.8% |
| Other amounts payable47/48 | €3,854 | €6,549 | €482 | ▼ 92.6% |
| Accrued charges and deferred income492/3 | €635 | €637 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,174 | €76,165 | €60,877 | ▼ 20.1% |
| + Depreciation and write-downs630 | €2,275 | €2,060 | €4,838 | ▲ 135% |
| Operating cash flow (approximation) | €103,449 | €78,225 | €65,716 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | -€3,794 | -€20,775 | ▼ 448% |
| Change in cash | - | €160,974 | -€12,961 | ▼ 108% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €60,877 ▼20.1%
Net result drops to €60,877, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €243,216 ▲33.4%
3 profitable years in a row build equity to €243,216.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150,000Eq €182,339 ▲71.7%
2 profitable years in a row build equity to €182,339.
20-07
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, Oostende · 1 establishment unit since 2022
Ground area
1,650 m²
Building footprint
203 m²
Volume, LiDAR
793 m³
Parcel 35383C0292/00A006, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CéDi
since 20222.328.860.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0292/00A006 | Flanders | 1,650 m² | 1 · 203 m² | 5.7 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.328.860.924
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Of 1,265 companies in sector 47300 we hold annual accounts for 950. 754 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
Founded13-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47300Retail sale of automotive fuel
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0780427554
Also
9925:BE0780427554
Registered
22-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.