Cédric Flamey
ActiveThe computed 12-month bankruptcy probability of Cédric Flamey is 1.8% (moderate). The 2025 annual accounts show equity of €140k and a net result of €63k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 27711 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+72
Solvency59▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 0.84 in 2024; short-term debt: 15.7% and cash: 0.4% of total assets), but 66.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
33.5%
Return on assets
15.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
7 d late
2024
18 d late
2023
30 d late
2022
34 d early
2021
25 d late
2020
9 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€140k▲ 67.8%
2024 · €83k
2020: €39k
2021: €77k
2022: €102k
2023: €103k
2024: €83k
2020 → 2025
Total assets
€418k▲ 12.2%
2024 · €373k
2020: €190k
2021: €451k
2022: €426k
2023: €412k
2024: €373k
2020 → 2025
Net result
€63k
2024 · €-19k
2020: €36k
2021: €38k
2022: €25k
2023: €440
2024: €-19k
2020 → 2025
Working capital
€41k
2024 · €-9k
2020: €-9k
2021: €8k
2022: €28k
2023: €20k
2024: €-9k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€102k▲ 32.3%€103k▲ 0.4%€83k▼ 18.7%€140k▲ 67.8%
Operating result€60k-€40k▼ 33.6%€7k▼ 83.4%€-14k€85k
Net result€38k-€25k▼ 35.0%€440▼ 98.2%€-19k€63k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €85k after a loss of €14k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418k
Fixed assets
€312k▼ 4.6%
Current assets
€106k▲ 132%
Equity and liabilities €418k
Equity
€140k▲ 67.8%
Debt
€278k▼ 3.9%
The debt ratio falls from 77.6% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €3k
Cash flow
€78k▲
2024 · €-3k
Solvency
33.5%▲
2024 · 22.4%
Current ratio
1.62▲
2024 · 0.84
Quick ratio
1.62▲
2024 · 0.84
Debt / equity
1.98▼
2024 · 3.46
ROE
45.2%▲
2024 · -23.0%
ROA
15.1%▲
2024 · -5.2%
Interest coverage
18.28▲
2024 · 0.46
Debt
€278k▼
2024 · €289k
Debt ≤ 1 year
€66k▲
2024 · €55k
Debt > 1 year
€212k▼
2024 · €234k
Income taxes
€17k
Staff costs
€404
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€373k€418k▲
Fixed assets21/28€327k€312k▼
Tangible fixed assets22/27€327k€312k▼
Land and buildings22€316k€304k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€46k€106k▲
Amounts receivable after more than one year29€23k€23k=
Other amounts receivable291€23k€23k=
Amounts receivable within one year40/41€12k€81k▲
Trade receivables40€376€75k▲
Other amounts receivable41€12k€6k▼
Cash at bank and in hand54/58€10k€2k▼
Deferred charges and accrued income490/1€860€484▼
Equity and liabilities
Total equity and liabilities10/49€373k€418k▲
Equity10/15€83k€140k▲
Contributions10/11€3k€3k=
Reserves13€100k€138k▲
Distributable reserves133€100k€138k▲
Profit (loss) carried forward14€-19k-
Amounts payable17/49€289k€278k▼
Amounts payable after more than one year17€234k€212k▼
Financial debts170/4€234k€212k▼
Amounts payable within one year42/48€55k€66k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Financial debts43€28k€6k▼
Credit institutions430/8€28k€6k▼
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45-€24k
Taxes450/3-€24k
Other amounts payable47/48-€7k
Income statement
Code20242025
Remuneration, social security and pensions62-€404
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€5k€102k▲
Operating profit (loss)9901€-14k€85k▲
Financial income75/76B€488€665▲
Recurring financial income75€488€665▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-19k€80k▲
Income taxes67/77-€17k
Profit (loss) for the period9904€-19k€63k▲
Profit (loss) for the period to be appropriated9905€-19k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€44k▲
Profit (loss) brought forward from the previous period14P-€-19k
Transfer from equity791/2-€7k
Transfer to equity691/2-€44k
To other reserves6921-€44k
Profit to be distributed694/7-€7k
Return on contributions (dividend)694-€7k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
31-12
Financial
Equity above €100kEq €140k ▲67.8%
Equity rises from €83k to €140k.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-19k ▼4470%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €102k ▲32.3%
3 profitable years in a row build equity to €102k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wingene · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industriestraat 18J8755 WingeneGround area
6,627 m²
Building footprint
3,205 m²
Volume, LiDAR
3,126 m³
Parcel 37012C0351/00P003, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
1 establishment unit
Cédric Flamey
since 20192.295.651.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012C0351/00P003 | Flanders | 6,627 m² | 1 · 3,205 m² | 7.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 398 EUR awarded · 398 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 293 EUR | 293 EUR |
| 2024 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,241. 1,026 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2019
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.