CEDOLI
ActiveSummary
CEDOLI has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €860,377 and a net result of €125,926. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 82% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+6
Solvency100▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 2.94 against 2.01 in 2024; short-term debt: 16.8% and cash: 13.5% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.2%
Return on assets
12.2%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
11 d early
2024
7 d early
2023
30 d late
2022
on the day
2021
6 d early
2020
12 d early
2019
1 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 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€125,926▲ 34.9%
2024 · €93,324
Working capital
€337,362▲ 8.2%
2024 · €311,866
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€163,221▲ 215%€72,136▼ 55.8%€98,765▲ 36.9%€125,471▲ 27.0%€162,903▲ 29.8%
Net result€156,408above the sector's middle half▲ 222%€49,085within the sector's middle half▼ 68.6%€76,091within the sector's middle half▲ 55.0%€93,324within the sector's middle half▲ 22.6%€125,926within the sector's middle half▲ 34.9%
Equity€895,036within the sector's middle half▲ 0.7%€895,036within the sector's middle half=€859,127within the sector's middle half▼ 4.0%€859,451within the sector's middle half=€860,377within the sector's middle half▲ 0.1%
Total assets€1.4mwithin the sector's middle half▲ 2.6%€1.2mwithin the sector's middle half▼ 12.6%€1.2mwithin the sector's middle half▼ 3.9%€1.2mwithin the sector's middle half▲ 4.3%€1.0mwithin the sector's middle half▼ 14.1%
Debt€480,933▲ 6.4%€307,119▼ 36.1%€295,805▼ 3.7%€345,533▲ 16.8%€174,192▼ 49.6%
Working capital€284,372within the sector's middle half▲ 17.5%€313,979within the sector's middle half▲ 10.4%€298,648within the sector's middle half▼ 4.9%€311,866within the sector's middle half▲ 4.4%€337,362within the sector's middle half▲ 8.2%
Solvency65.0%above the sector's middle half▼ 1.2pp74.5%above the sector's middle half▲ 9.4pp74.4%above the sector's middle half▼ 0.1pp71.3%above the sector's middle half▼ 3.1pp83.2%above the sector's middle half▲ 11.8pp
Current ratio2.26within the sector's middle half▼ 0.673.55above the sector's middle half▲ 1.282.62within the sector's middle half▼ 0.932.01within the sector's middle half▼ 0.602.94within the sector's middle half▲ 0.93
Return on assets (ROA)11.4%above the sector's middle half▲ 7.7pp4.1%within the sector's middle half▼ 7.3pp6.6%above the sector's middle half▲ 2.5pp7.7%above the sector's middle half▲ 1.2pp12.2%above the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€523,015 ▼ 10.6%
Current assets
€511,554 ▼ 17.5%
Equity and liabilities €1.0m
Equity
€860,377 ▲ 0.1%
Debt
€174,192 ▼ 49.6%
Debt's share of the balance-sheet total falls from 28.7% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€224,713▲
2024 · €212,123
Cash flow
€187,736▲
2024 · €179,976
Debt to equity
0.20▼
2024 · 0.40
ROE
14.6%▲
2024 · 10.9%
Interest coverage
125.97▲
2024 · 71.52
Debt ≤ 1 year
€174,192▼
2024 · €308,294
Debt > 1 year
€0▼
2024 · €37,239
Income taxes
€42,260▲
2024 · €31,108
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,781 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106,955 | €101,476 | €93,386 | €86,652 | €61,810 | ▼ 28.7% |
| Other operating charges640/8 | €30,763 | €31,413 | €34,428 | €35,798 | €36,920 | ▲ 3.1% |
| Gross operating margin9900 | €300,939 | €205,024 | €226,578 | €247,921 | €261,633 | ▲ 5.5% |
| Operating profit (loss)9901 | €163,221 | €72,136 | €98,765 | €125,471 | €162,903 | ▲ 29.8% |
| Financial income75/76B | €633 | €0 | €5,890 | €1,927 | €7,067 | ▲ 267% |
| Recurring financial income75 | €633 | €0 | €5,890 | €1,927 | €7,067 | ▲ 267% |
| Financial charges65/66B | €5,087 | €4,122 | €3,201 | €2,966 | €1,784 | ▼ 39.9% |
| Recurring financial charges65 | €5,087 | €4,122 | €3,201 | €2,966 | €1,784 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | €158,767 | €68,014 | €101,454 | €124,432 | €168,186 | ▲ 35.2% |
| Income taxes67/77 | €2,360 | €18,928 | €25,364 | €31,108 | €42,260 | ▲ 35.8% |
| Profit (loss) for the period9904 | €156,408 | €49,085 | €76,091 | €93,324 | €125,926 | ▲ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €156,408 | €49,085 | €76,091 | €93,324 | €125,926 | ▲ 34.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.2m | €1.2m | €1.2m | €1.0m | ▼ 14.1% |
| Fixed assets21/28 | €866,337 | €764,862 | €671,476 | €584,824 | €523,015 | ▼ 10.6% |
| Tangible fixed assets22/27 | €866,337 | €764,862 | €671,476 | €584,824 | €523,015 | ▼ 10.6% |
| Land and buildings22 | €866,337 | €764,862 | €671,476 | €584,824 | €523,015 | ▼ 10.6% |
| Current assets29/58 | €509,631 | €437,293 | €483,455 | €620,159 | €511,554 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €445,886 | €90,167 | €39,450 | €117,978 | €364,936 | ▲ 209% |
| Trade receivables40 | €78,709 | €32,333 | €3,915 | €39,742 | €43,717 | ▲ 10.0% |
| Other amounts receivable41 | €367,177 | €57,833 | €35,535 | €78,237 | €321,219 | ▲ 311% |
| Cash at bank and in hand54/58 | €63,113 | €347,127 | €444,005 | €502,181 | €139,551 | ▼ 72.2% |
| Deferred charges and accrued income490/1 | €633 | €0 | - | - | €7,067 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.2m | €1.2m | €1.2m | €1.0m | ▼ 14.1% |
| Equity10/15 | €895,036 | €895,036 | €859,127 | €859,451 | €860,377 | ▲ 0.1% |
| Contributions10/11 | €90,007 | €90,007 | €90,007 | €90,007 | €90,007 | = |
| Capital10 | €90,007 | €90,007 | €90,007 | €90,007 | €90,007 | = |
| Issued capital100 | €90,007 | €90,007 | €90,007 | €90,007 | €90,007 | = |
| Reserves13 | €768,820 | €768,820 | €768,820 | €768,820 | €768,820 | = |
| Non-distributable reserves130/1 | €9,001 | €9,001 | €9,001 | €9,001 | €9,001 | = |
| Legal reserve130 | €9,001 | €9,001 | €9,001 | €9,001 | €9,001 | = |
| Tax-exempt reserves132 | €20,440 | €20,440 | €20,440 | €20,440 | €20,440 | = |
| Distributable reserves133 | €739,379 | €739,379 | €739,379 | €739,379 | €739,379 | = |
| Profit (loss) carried forward14 | €36,209 | €36,209 | €299 | €624 | €1,550 | ▲ 149% |
| Amounts payable17/49 | €480,933 | €307,119 | €295,805 | €345,533 | €174,192 | ▼ 49.6% |
| Amounts payable after more than one year17 | €255,674 | €183,805 | €110,997 | €37,239 | €0 | ▼ 100% |
| Financial debts170/4 | €255,674 | €183,805 | €110,997 | €37,239 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €225,259 | €123,314 | €184,807 | €308,294 | €174,192 | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | €70,943 | €71,869 | €72,807 | €103,168 | €37,239 | ▼ 63.9% |
| Trade debts44 | €605 | €0 | - | €126 | €4,693 | ▲ 3,625% |
| Suppliers440/4 | €605 | €0 | - | €126 | €4,693 | ▲ 3,625% |
| Taxes, remuneration and social security45 | €3,711 | €2,360 | €0 | - | €7,260 | - |
| Taxes450/3 | €3,711 | €2,360 | €0 | - | €7,260 | - |
| Other amounts payable47/48 | €150,000 | €49,085 | €112,000 | €205,000 | €125,000 | ▼ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €156,408 | €49,085 | €76,091 | €93,324 | €125,926 | ▲ 34.9% |
| + Depreciation and write-downs630 | €106,955 | €101,476 | €93,386 | €86,652 | €61,810 | ▼ 28.7% |
| Operating cash flow (approximation) | €263,362 | €150,561 | €169,476 | €179,976 | €187,736 | ▲ 4.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €284,014 | €96,879 | €58,176 | -€362,630 | ▼ 723% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €156,408 ▲222%
Operating result €163,221, net result €156,408, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €20,844 ▼69.7%
Net result drops to €20,844, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 3.11
Current ratio from 0.64 to 3.11; short-term debt falls from €304,091 to €106,651.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Roeselare · 1 establishment unit since 2017
Ground area
1.4 ha
Building footprint
6,042 m²
Volume, LiDAR
48,240 m³
Parcel 36502B1595/00K000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CEDOLI
since 20172.268.207.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B1595/00K000 | Flanders | 1.4 ha | 1 · 6,042 m² | 9.9 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
2 ownersChain of control
- DM KONSULT
- CEDOLI
Highest known parent: DM KONSULT. The sources do not say who stands above it.
Owners 2
- DM KONSULTparentSourceaccounts DM KONSULT 202577.75%
-
22.25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,919 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
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679940801
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.