Cedo Nulli

Active

Private limited companyfounded 2016active for 10 yearsKapellekensbaan 10, 9320 Aalst, BelgiumKBO/BCE: BE 0662.728.051

Summary

Cedo Nulli has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,402 and a net result of €81,180. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 48% of 4,751 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow Report Compare

Cedo NulliActiveChecked score 68/100

Risk analysis Report Compare

Activity

Limited-service restaurants, excluding mobile food services

NACE 56112Full-service restaurants NACE 56111

9th largest employer in Aalst, Accommodation and food service sector1 site

Size

€476,601total assets 2025

Staff: 13.4 FTE
Equity: €134,402
Profit: €81,180

Turnover not published (abbreviated format)

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Structure

2025 accounts 5 days early1 of 4 deeds summarised

Why 68raises risk2 of the last 3 lateSize: 13.4 FTE, total assets €476,601Sector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 1.32, cash €232,113Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 71% of its sector peers (NACE 56, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 53=

equity 28.2% of total assets

Liquidity 68-8

short-term debt 60.4% · cash 48.7%

Profitability 90+5

return on assets 17.0%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (1,616 companies, NACE 56, small)

Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.6%▼ -0.1 percentage points vs 01-2025 03-2025: 1.6%● unchanged vs 02-2025 04-2025: 1.6%● unchanged vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025 08-2025: 2.4%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 1.2%▼ -1.2 percentage points vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.1%▼ -0.1 percentage points vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.0%▼ -0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026lowest value 09-2026: 1.0%● unchanged vs 08-2026lowest value 10-2026: 1.0%● unchanged vs 09-2026lowest value

Credit of up to €9,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.32, compared with 1.42 in 2024, below the usual 1.5; short-term debt: 60.4% and cash: 48.7% of total assets), and 71.8% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, small): better than 49% on solvency, 80% on liquidity, 84% on profitability and 71% on growth.

The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.32, cash €232,113

NBB · annual accounts

2 of the last 3 late

NBB · filings

Size: 13.4 FTE, total assets €476,601

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Food and beverage service activities (NACE 56)

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

5 days early

2024

31 days late

2023

61 days late

2022

31 days late

2021

91 days late

2020

90 days late

2019

145 days late

← 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 63 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 36 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

26-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-12-2025 Highest result from 2018 to 2025net €81,180 ▲54.6%
31-08-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Caution: Staff fell in 2025from 35.7 FTE to 13.4 FTE ▼ 62.5% View
Positive: 9th largest employer in Aalst, Accommodation and food service sectorin the Checked rankings No. 9 View
Positive: 5 profitable years in a rowprofit 2025: €81,180 5 years View

By topic

Financials

Financial year: 2025
Total assets: €476,601
Profit: €81,180
Solvency: 28.2%

Total assets▲ 19.5%

Net result

20182025

Go to Financials

Timeline

Events: 15
Since: 2018
Next accounts: by 31-07-2027

30-09-2024Annual accounts filed
06-11-2023Legal-form change · Resignations & appointments
31-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded: 19-09-2016
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 17

Who signs: Each director alone
Annual meeting: Third Friday of June at 19:00

Go to Articles of association

Key facts about Cedo Nulli

What is the company number of Cedo Nulli?: 0662.728.051. In Belgium the VAT number is the company number with BE in front: BE 0662.728.051.
Where is Cedo Nulli based?: The registered office is at Kapellekensbaan 10, 9320 Aalst.Company details
What does Cedo Nulli do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of Cedo Nulli?: Private limited company (BV).
When was Cedo Nulli founded?: On 19-09-2016.
Is Cedo Nulli still active?: Yes, Cedo Nulli is an active enterprise in the KBO register.
How many employees does Cedo Nulli have?: On average 13.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Cedo Nulli?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Cedo Nulli profitable?: In financial year 2025, Cedo Nulli made a profit of €81,180.
Where can I find the annual accounts of Cedo Nulli?: Cedo Nulli filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Cedo Nulli due?: By 31-07-2027, for financial year 2026.Timeline