Equity
€702,300 ▲ 1.9%
CEDRIC COMBUSTIBLES has made a profit in every financial year since 2019.
CEDRIC COMBUSTIBLES
Lifetime
7 annual accounts with figures on one time axisGross marginpeak €1.4m (2025)
€1.4m▲ 0.3%
Resultpeak €172,640 (2022)
€12,913▼ 88.9%
Equitypeak €702,300 (2025)
€702,300▲ 1.9%
Debts
€3.8m▲ 25.4%
Staffpeak 27 FTE (2025)
27 FTE▲ 14.9%
Board1 name since 2018
1 directorDefosse Cédric
Documentsfilings and deeds
18-09-2025135 days before the deadline
2025financial year
Result from €116,495 to €12,913Staff from 23.5 FTE to 27 FTEDebts from €3.0m to €3.8m1 establishment registeredCash from €369,453 to €168,629
Key points
from the 2025 annual accountsResult
€12,913 ▼ 88.9%
The result fell in 2025 from €116,495 to €12,913.
Debts
€3.8m 84% of the balance sheet
Financial debts 41%Suppliers 39%Taxes and wages 6%Other 14%
€419,194 of the debts are secured on the company's own assets. In 2024 that was €828,000.
Investments
€422,505 1.5 × depreciation
Green is investment, beige is depreciation.
Staff
37 employees on 30-06-2025
In 2025, 18 people joined and 24 left.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 11 to 184 days before the end of the period.
Checked score
64
Healthy
Financially stronger than 27% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025lowest value
08-2025: 0.5%● unchanged vs 07-2025lowest value
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 1.2%▲ +0.7 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026highest value
11-2026: 1.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.12, cash €168,629, halved
Equity €702,300 (15.6% of total assets)
Size: 27 FTE, total assets €4.5m
lowers risk
Founded in 2014
Calculation
The band follows from the bankruptcy probability. 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 47, small). It does better than 29% of them on solvency, 18% on liquidity, 17% on profitability and 45% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as CEDRIC COMBUSTIBLES has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CEDRIC COMBUSTIBLES itself is higher: 1.2% within 12 months. It rests on far more data about CEDRIC COMBUSTIBLES than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for CEDRIC COMBUSTIBLES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (1.18 in 2024), below the usual 1.5. Short-term debt is 65.6% and cash 3.7% of total assets. 84.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-09-2025, 135 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
135 days early
2024
166 days early
2023
184 days early
2022
182 days early
2021
11 days early
2020
193 days early
2019
84 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 136 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
neutral · Annual accounts later than usual
The company usually files around 18 August, a date now 80 days past (4 of the last 5 accounts filed within 31 days either side of that date). The accounts for the year that closed on 30-06-2026 are not filed yet; the legal deadline runs until 31-01-2027. This is a change of habit, not yet a late filing.
NBB · 7 filingsWhere today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0550429270
New establishment in Limbourg
Cédric Combustibles, Rue des Ecoles 187
Amendment of the articles
General meeting of 04-09-2024 · Gazette deed
New establishment in Theux
CLEA, Place du Vinave 1
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| CEDRIC COMBUSTIBLES Theux | €4.5m | €1.4m | 15.6% | 27 |
| STEFLOR Ingelmunster | €3.6m | €2.1m | 27.0% | 19.6 |
| DISTRICOAL Charleroi | €4.4m | €1.1m | 55.0% | 13.1 |
| Combustibles CREPPE Sprimont | €5.0m | €1.5m | 57.8% | 10.8 |
| LIEGE TANK STORAGE Liège | €7.4m | €1.5m | 43.2% | - |
| All-in Tank Service Nazareth-De Pinte | €2.0m | €2.3m | 26.8% | 16.8 |
| Verkoyen Tankstations Pelt | €3.0m | €0.4m | 11.0% | 17 |
These companies have the same main activity as CEDRIC COMBUSTIBLES: retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781). They are comparable in size and age: total assets between €2m and €7.4m, founded between 2006 and 2018.
Official details
Source: KBO- Status
- Active since 08-04-2014Normal situation
- Activity
- Retail sale of solid, liquid and gaseous fuels, excluding motor fuelsNACE 47781and 10 others
- Establishment units
- 2.228.841.1554910 Theux, since 08-04-2014
- 2.303.806.0224910 Theux, since 01-08-2020and 2 others
- Financial year end
- 30 June
- Peppol
- Reachable since 05-12-2025
Annual accounts to 30-06-2025
- Turnover
- ≈ €3.6mestimated
- Total assets
- €4.5m▲ 21.0%
- Employeeson 30-06-2025
- 37▲ 19.4%
- Filing
- Filed on 18-09-2025, 135 days before the end of the filing period
Insights on CEDRIC COMBUSTIBLES
CEDRIC COMBUSTIBLES has existed since 2014. The gross margin grew from €232,403 in 2019 to €1.4m in 2025 and staff from 5 to 27 full-time equivalents.
The gross margin has grown every year since 2019.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CEDRIC COMBUSTIBLES
- What is the company number of CEDRIC COMBUSTIBLES?
- The company number of CEDRIC COMBUSTIBLES is 0550.429.270. The VAT number is the same number with BE in front: BE 0550.429.270.
- Where is CEDRIC COMBUSTIBLES based?
- The registered office is at Chaussée de Spa 45, 4910 Theux.Company details
- What does CEDRIC COMBUSTIBLES do?
- According to the KBO register, the main activity is retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781).
- What is the legal form of CEDRIC COMBUSTIBLES?
- CEDRIC COMBUSTIBLES is a private limited company (BV).
- When was CEDRIC COMBUSTIBLES founded?
- CEDRIC COMBUSTIBLES was founded on 08-04-2014.
- Is CEDRIC COMBUSTIBLES still active?
- Yes, CEDRIC COMBUSTIBLES is an active enterprise in the KBO register.
- How many employees does CEDRIC COMBUSTIBLES have?
- CEDRIC COMBUSTIBLES had an average of 27 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CEDRIC COMBUSTIBLES?
- The turnover in financial year 2025 is ≈ €3.6m. This figure is estimated from the gross margin of €1.4m and 30 comparable companies (NACE 477). It probably lies between €2.8m and €5.3m. In financial year 2022 turnover was €12.9m.
- Is CEDRIC COMBUSTIBLES profitable?
- In financial year 2025, CEDRIC COMBUSTIBLES made a profit of €12,913.
- Where can I find the annual accounts of CEDRIC COMBUSTIBLES?
- CEDRIC COMBUSTIBLES filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CEDRIC COMBUSTIBLES due?
- CEDRIC COMBUSTIBLES must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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