Summary
CEDO GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €176.87M and a net result of €-23k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 95% of 2777 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
29 d early
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema, statutory accounts
Equity
€176.87M=
2023 · €176.89M
2022: €175.98Mlowest in 3 years
2023: €176.89M▲ +0.5% vs 2022highest in 3 years
2024: €176.87M● -0.0% vs 2023
2022 → 2024
Net result
€-23k
2023 · €8.14M
2022: €-17k
2023: €8.14M▲ +48529% vs 2022highest in 3 years
2024: €-23k▼ -100% vs 2023lowest in 3 years
2022 → 2024
Total assets
€176.97M▼ 4.5%
2023 · €185.36M
2022: €176.68Mlowest in 3 years
2023: €185.36M▲ +4.9% vs 2022highest in 3 years
2024: €176.97M▼ -4.5% vs 2023
2022 → 2024
Solvency
99.9%▲ 4.5pp
2023 · 95.4%
2022: 99.6%
2023: 95.4%▼ -4.2% vs 2022lowest in 3 years
2024: 99.9%▲ +4.7% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€692k€1.16M▲ 67.9%
2023: €692k
2024: €1.16M▲ +67.9% vs 2023
Equity€175.98M-€176.89M▲ 0.5%€176.87M=
2022: €175.98Mlowest in 3 years
2023: €176.89M▲ +0.5% vs 2022highest in 3 years
2024: €176.87M● -0.0% vs 2023
Operating result€-17k-€-26k▼ 57.1%€-43k▼ 63.5%
2022: €-17khighest in 3 years
2023: €-26k▼ -57.1% vs 2022
2024: €-43k▼ -63.5% vs 2023lowest in 3 years
Net result€-17k-€8.14M€-23k
2022: €-17k
2023: €8.14M▲ +48529% vs 2022highest in 3 years
2024: €-23k▼ -100% vs 2023lowest in 3 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2024 against €26k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €176.96M
Fixed assets
€176.01M =
Current assets
€948k ▼ 89.8%
Equity and liabilities €176.97M
Equity
€176.87M =
Debt
€101k ▼ 98.8%
Debt's share of the balance-sheet total falls from 4.6% to 0.1%. Debt is lower.
Key figures and ratios
ROE
0.0%▼
2023 · 4.6%
ROA
0.0%▼
2023 · 4.4%
Debt ≤ 1 year
€101k▼
2023 · €8.47M
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€185.36M€176.97M▼
Formation expenses20€16k€11k▼
Fixed assets21/28€176.01M€176.01M=
Financial fixed assets28€176.01M€176.01M=
Affiliated companies280/1€176.01M€176.01M=
Participating interests280€176.01M€176.01M=
Current assets29/58€9.33M€948k▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€898k€799k▼
Trade receivables40€204k€93k▼
Other amounts receivable41€694k€705k▲
Current investments50/53€8.23M€0▼
Other investments51/53€8.23M€0▼
Cash at bank and in hand54/58€202k€149k▼
Equity and liabilities
Total equity and liabilities10/49€185.36M€176.97M▼
Equity10/15€176.89M€176.87M=
Contributions10/11€176.00M€176.00M=
Capital10€176.00M€176.00M=
Issued capital100€176.00M€176.00M=
Reserves13€406k€406k=
Non-distributable reserves130/1€406k€406k=
Legal reserve130€406k€406k=
Profit (loss) carried forward14€488k€464k▼
Amounts payable17/49€8.47M€101k▼
Amounts payable within one year42/48€8.47M€101k▼
Trade debts44€74k€101k▲
Suppliers440/4€74k€101k▲
Other amounts payable47/48€8.40M€0▼
Accrued charges and deferred income492/3€46€46=
Income statement
Code20232024
Operating income70/76A€692k€1.16M▲
Turnover70€692k€1.16M▲
Operating charges60/66A€718k€1.20M▲
Services and other goods61€712k€1.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€516€1k▲
Operating profit (loss)9901€-26k€-43k▼
Financial income75/76B€8.24M€20k▼
Recurring financial income75€8.24M€20k▼
Income from financial fixed assets750€8.24M€0▼
Income from current assets751-€20k
Financial charges65/66B€75k€838▼
Recurring financial charges65€75k€838▼
Debt charges650€74k€0▼
Other financial charges652/9€652€838▲
Profit (loss) for the period before taxes9903€8.14M€-23k▼
Profit (loss) for the period9904€8.14M€-23k▼
Profit (loss) for the period to be appropriated9905€8.14M€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8.12M€464k▼
Profit (loss) brought forward from the previous period14P€-17k€488k▲
Transfer to equity691/2€406k€0▼
To the legal reserve6920€406k€0▼
Profit to be distributed694/7€7.23M€0▼
Return on contributions (dividend)694€7.23M€0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Operating income70/76A | €1.20M | €692k | €1.16M | ▲ 67.9% |
| Turnover70 | - | €692k | €1.16M | ▲ 67.9% |
| Other operating income74 | €1.20M | - | - | - |
| Operating charges60/66A | €1.22M | €718k | €1.20M | ▲ 67.8% |
| Services and other goods61 | €1.21M | €712k | €1.20M | ▲ 68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €5k | = |
| Other operating charges640/8 | €788 | €516 | €1k | ▲ 115% |
| Operating profit (loss)9901 | €-17k | €-26k | €-43k | ▼ 63.5% |
| Financial income75/76B | - | €8.24M | €20k | ▼ 99.8% |
| Recurring financial income75 | - | €8.24M | €20k | ▼ 99.8% |
| Income from financial fixed assets750 | - | €8.24M | €0 | ▼ 100% |
| Income from current assets751 | - | - | €20k | - |
| Financial charges65/66B | €213 | €75k | €838 | ▼ 98.9% |
| Recurring financial charges65 | €213 | €75k | €838 | ▼ 98.9% |
| Debt charges650 | €1 | €74k | €0 | ▼ 100% |
| Other financial charges652/9 | €212 | €652 | €838 | ▲ 28.5% |
| Profit (loss) for the period before taxes9903 | €-17k | €8.14M | €-23k | ▼ 100% |
| Profit (loss) for the period9904 | €-17k | €8.14M | €-23k | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €8.14M | €-23k | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €176.68M | €185.36M | €176.97M | ▼ 4.5% |
| Formation expenses20 | €21k | €16k | €11k | ▼ 33.7% |
| Fixed assets21/28 | €176.01M | €176.01M | €176.01M | = |
| Financial fixed assets28 | €176.01M | €176.01M | €176.01M | = |
| Affiliated companies280/1 | €176.01M | €176.01M | €176.01M | = |
| Participating interests280 | €176.01M | €176.01M | €176.01M | = |
| Current assets29/58 | €650k | €9.33M | €948k | ▼ 89.8% |
| Stocks and contracts in progress3 | - | - | €0 | - |
| Amounts receivable within one year40/41 | €648k | €898k | €799k | ▼ 11.1% |
| Trade receivables40 | €175 | €204k | €93k | ▼ 54.3% |
| Other amounts receivable41 | €648k | €694k | €705k | ▲ 1.6% |
| Current investments50/53 | - | €8.23M | €0 | ▼ 100% |
| Other investments51/53 | - | €8.23M | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2k | €202k | €149k | ▼ 26.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €176.68M | €185.36M | €176.97M | ▼ 4.5% |
| Equity10/15 | €175.98M | €176.89M | €176.87M | = |
| Contributions10/11 | €176.00M | €176.00M | €176.00M | = |
| Capital10 | €176.00M | €176.00M | €176.00M | = |
| Issued capital100 | €176.00M | €176.00M | €176.00M | = |
| Reserves13 | - | €406k | €406k | = |
| Non-distributable reserves130/1 | - | €406k | €406k | = |
| Legal reserve130 | - | €406k | €406k | = |
| Profit (loss) carried forward14 | €-17k | €488k | €464k | ▼ 4.8% |
| Amounts payable17/49 | €702k | €8.47M | €101k | ▼ 98.8% |
| Amounts payable within one year42/48 | €702k | €8.47M | €101k | ▼ 98.8% |
| Trade debts44 | €175 | €74k | €101k | ▲ 35.4% |
| Suppliers440/4 | €175 | €74k | €101k | ▲ 35.4% |
| Taxes, remuneration and social security45 | €225k | - | - | - |
| Taxes450/3 | €225k | - | - | - |
| Other amounts payable47/48 | €476k | €8.40M | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €31 | €46 | €46 | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €8.14M | €-23k | ▼ 100% |
| + Depreciation and write-downs630 | €6k | €5k | €5k | = |
| Operating cash flow (approximation) | €-11k | €8.14M | €-18k | ▼ 100% |
| Investment in fixed assets (approximation) | - | €-5k | €-5k | = |
| Change in cash | - | €200k | €-53k | ▼ 127% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
31-12
Financial
Liquidity times 9current ratio 9.42
Current ratio from 1.10 to 9.42; short-term debt falls from €8.47M to €101k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
31-12
Financial
Back to profitnet €8.14M
Net result €8.14M after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2021
Ground area
1.1 ha
Building footprint
702 m²
Volume, LiDAR
11,488 m³
Parcel 44082A0011/00H000, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
CEDO GROUP NV
since 20212.327.154.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0011/00H000 | Flanders | 1.1 ha | 1 · 701 m² | 19.7 m · 6 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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 1,265 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
Founded21-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.