CEDIP SA
ActiveSummary
The annual accounts of CEDIP SA for fiscal year 2025 show a net loss of 90% of total assets and of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €621,477 and a net result of -€835,852. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 3221 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-17
Solvency92▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.76 against 2.46 in 2024; short-term debt: 13.5% and cash: 0.1% of total assets), and 33.4% of the assets are financed with debt.
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Signals
Seven 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.6%
Return on assets
-89.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€835,852
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
22 d early
2022
40 d early
2021
40 d early
2020
9 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in Marchin, Professional and technical services sector#4 company by total assets in Marchin, Professional and technical services sector#4 company by equity in Marchin, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€835,852▼ 24,690%
2024 · -€3,372
Working capital
-€30,270
2024 · €51,472
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
Line20212022202320242025
Operating result€12,727€29,886▲ 135%€11,682▼ 60.9%€15,324▲ 31.2%€17,959▲ 17.2%
Net result€269,241€181,754▼ 32.5%€9,753▼ 94.6%-€3,372-€835,852▼ 24,690%
Equity€1.3m▲ 18.4%€1.5m▲ 14.3%€1.5m▲ 0.7%€1.5m▼ 0.2%€621,477▼ 57.4%
Total assets€1.5m▼ 7.4%€1.8m▲ 16.7%€1.8m▼ 0.6%€1.8m▼ 1.1%€932,608▼ 47.0%
Debt€263,939▼ 54.8%€338,386▲ 28.2%€318,142▼ 6.0%€302,337▼ 5.0%€311,131▲ 2.9%
Working capital-€141,354▲ 63.4%€211,059-€26,699€51,472-€30,270
Staff (FTE)1=1=1=1=1=
Why a figure moved sharply
- 2025 Net result -24,690%, Equity -57% on 2024. Cause not known from the registers.
- 2023 Net result -95% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €932,608
Fixed assets
€836,747 ▼ 50.0%
Current assets
€95,861 ▲ 10.4%
Equity and liabilities €932,608
Equity
€621,477 ▼ 57.4%
Debt
€311,131 ▲ 2.9%
Debt's share of the balance-sheet total rises from 17.2% to 33.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,069▲
2024 · €16,014
Cash flow
-€835,742▼
2024 · -€2,682
Current ratio
0.76▼
2024 · 2.46
Debt to equity
0.50▲
2024 · 0.21
ROE
-134.5%▼
2024 · -0.2%
ROA
-89.6%▼
2024 · -0.2%
Interest coverage
1.02▲
2024 · 0.87
Debt ≤ 1 year
€126,131▲
2024 · €35,337
Debt > 1 year
€185,000▼
2024 · €267,000
Income taxes
€232▲
2024 · €228
Staff costs
€33,644▲
2024 · €32,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €45,519 | €44,431 | €36,809 | €32,399 | €33,644 | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,175 | €4,773 | €4,773 | €690 | €110 | ▼ 84.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€30,000 | - | €5,000 | -€5,000 | €0 | ▲ 100% |
| Other operating charges640/8 | €1,493 | €2,453 | €1,325 | €14,216 | €2,289 | ▼ 83.9% |
| Non-recurring operating charges66A | €30,000 | - | - | - | - | - |
| Gross operating margin9900 | €63,913 | €81,543 | €59,589 | €57,630 | €54,001 | ▼ 6.3% |
| Operating profit (loss)9901 | €12,727 | €29,886 | €11,682 | €15,324 | €17,959 | ▲ 17.2% |
| Financial income75/76B | €370,127 | €157,827 | €12,929 | €0 | €56 | ▲ 564,500% |
| Recurring financial income75 | €370,127 | €157,827 | €12,929 | €0 | €56 | ▲ 564,500% |
| Financial charges65/66B | €113,106 | €5,457 | €14,843 | €18,469 | €853,635 | ▲ 4,522% |
| Recurring financial charges65 | €117,457 | €5,457 | €14,843 | €18,469 | €17,635 | ▼ 4.5% |
| Non-recurring financial charges66B | -€4,351 | - | - | - | €836,000 | - |
| Profit (loss) for the period before taxes9903 | €269,748 | €182,256 | €9,769 | -€3,144 | -€835,620 | ▼ 26,477% |
| Income taxes67/77 | €507 | €503 | €16 | €228 | €232 | ▲ 2.0% |
| Profit (loss) for the period9904 | €269,241 | €181,754 | €9,753 | -€3,372 | -€835,852 | ▼ 24,690% |
| Profit (loss) for the period to be appropriated9905 | €269,241 | €181,754 | €9,753 | -€3,372 | -€835,852 | ▼ 24,690% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.8m | €1.8m | €1.8m | €932,608 | ▼ 47.0% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.7m | €1.7m | €836,747 | ▼ 50.0% |
| Tangible fixed assets22/27 | €8,624 | €5,664 | €891 | €201 | €92 | ▼ 54.5% |
| Plant, machinery and equipment23 | €458 | €366 | €275 | €183 | €92 | ▼ 50.0% |
| Furniture and vehicles24 | €8,166 | €5,297 | €616 | €18 | €0 | ▼ 100% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.7m | €1.7m | €836,655 | ▼ 50.0% |
| Current assets29/58 | €94,170 | €353,332 | €105,296 | €86,809 | €95,861 | ▲ 10.4% |
| Amounts receivable after more than one year29 | - | €242,500 | - | - | - | - |
| Other amounts receivable291 | - | €242,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €78,683 | €103,730 | €23,411 | €7,089 | €15,384 | ▲ 117% |
| Trade receivables40 | €6,702 | €21,079 | €23,368 | €7,089 | €15,384 | ▲ 117% |
| Other amounts receivable41 | €71,981 | €82,651 | €44 | €0 | - | - |
| Current investments50/53 | - | - | €79,628 | €79,628 | €79,628 | = |
| Cash at bank and in hand54/58 | €15,487 | €6,714 | €2,257 | €92 | €850 | ▲ 823% |
| Deferred charges and accrued income490/1 | - | €387 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.8m | €1.8m | €1.8m | €932,608 | ▼ 47.0% |
| Equity10/15 | €1.3m | €1.5m | €1.5m | €1.5m | €621,477 | ▼ 57.4% |
| Contributions10/11 | €646,135 | €646,135 | €646,135 | €646,135 | €646,135 | = |
| Capital10 | €646,135 | €646,135 | €646,135 | €646,135 | €646,135 | = |
| Issued capital100 | €646,135 | €646,135 | €646,135 | €646,135 | €646,135 | = |
| Reserves13 | €364,614 | €64,614 | €144,241 | €144,241 | €144,241 | = |
| Non-distributable reserves130/1 | €64,614 | €64,614 | €144,241 | €144,241 | €144,241 | = |
| Legal reserve130 | €64,614 | €64,614 | €64,614 | €64,614 | €64,614 | = |
| Own shares acquired1312 | - | - | €79,628 | €79,628 | €79,628 | = |
| Distributable reserves133 | €300,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €258,446 | €740,199 | €670,324 | €666,952 | -€168,899 | ▼ 125% |
| Amounts payable17/49 | €263,939 | €338,386 | €318,142 | €302,337 | €311,131 | ▲ 2.9% |
| Amounts payable after more than one year17 | €28,415 | €196,114 | €186,146 | €267,000 | €185,000 | ▼ 30.7% |
| Financial debts170/4 | €28,415 | €196,114 | €186,146 | €267,000 | €185,000 | ▼ 30.7% |
| Amounts payable within one year42/48 | €235,524 | €142,272 | €131,996 | €35,337 | €126,131 | ▲ 257% |
| Current portion of amounts payable after more than one year42 | €16,962 | €17,301 | €9,968 | €1,146 | €0 | ▼ 100% |
| Trade debts44 | €22,339 | €10,033 | €8,444 | €6,290 | €13,276 | ▲ 111% |
| Suppliers440/4 | €22,339 | €10,033 | €8,444 | €6,290 | €13,276 | ▲ 111% |
| Taxes, remuneration and social security45 | €14,365 | €14,231 | €8,741 | €5,055 | €6,326 | ▲ 25.2% |
| Taxes450/3 | €6,859 | €6,371 | €3,061 | €1,269 | €616 | ▼ 51.5% |
| Remuneration and social security454/9 | €7,507 | €7,860 | €5,680 | €3,786 | €5,711 | ▲ 50.9% |
| Other amounts payable47/48 | €181,857 | €100,707 | €104,843 | €22,846 | €106,528 | ▲ 366% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €269,241 | €181,754 | €9,753 | -€3,372 | -€835,852 | ▼ 24,690% |
| + Depreciation and write-downs630 | €4,175 | €4,773 | €4,773 | €690 | €110 | ▼ 84.1% |
| Operating cash flow (approximation) | €273,416 | €186,526 | €14,525 | -€2,682 | -€835,742 | ▼ 31,058% |
| Investment in fixed assets (approximation) | - | -€1,812 | -€242,316 | €0 | €836,000 | - |
| Change in cash | - | -€8,773 | -€4,457 | -€2,165 | €758 | ▲ 135% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€835,852
Net result drops to -€835,852, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
27-02
State Gazette act
Board meeting · Demerger
Capital · Corporate purpose
2024
31-12
Financial
Liquidity triplescurrent ratio 2.46
Current ratio from 0.80 to 2.46; short-term debt falls from €131,996 to €35,337.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 6current ratio 2.48
Current ratio from 0.40 to 2.48; short-term debt falls from €235,524 to €142,272.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €269,241
Net result €269,241 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
21-05
State Gazette act
Merger · Corporate purpose
Capital · Net-asset statement
Show earlier events
15-04
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
19-03
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
01-04
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
16-03
State Gazette act
General meeting · Capital increase
Bank account · Statutes amendment
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
10-11
State Gazette act
General meeting · Director reappointment
Auditor reappointment
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Marchin · 1 establishment unit since 1996
Ground area
9,121 m²
Building footprint
136 m²
Volume, LiDAR
1,111 m³
Parcel 61071A0055/00D000, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue du Poirier 3, 4570 Marchin
since 19962.071.500.623
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61071A0055/00D000 | Wallonia | 9,121 m² | 1 · 136 m² | 11.6 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holding · 3 subsidiaries in the treeOwners 1
-
34.93%
Holdings 1
-
54.02%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
SALM INVEST 54.02%2 subsidiaries
- DFM SAVEURS 100%
- MAISON VENDSYSSEL FRANCE SASFR 100%
According to the 2025 annual accounts of CEDIP SA and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
federation de l'industrie alimentaire wallonne
Shared director
→
Secrétariat Social des Classes Moyennes
Shared director
→
UCM Province de Liege
Shared director
→
Show 1 more companies with a shared director
Union des Classes Moyennes National
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
2 locations
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 32,765 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
58130Publishing activities
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454992653
Also
9925:BE0454992653
Registered
24-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.