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Cedric Willen

Active
Private limited companyfounded 20242 yrs activeSteenhuizestraat 1, 9550 Herzele, BelgiumKBO/BCE: BE 1006.535.148
Summary

The computed 12-month bankruptcy probability of Cedric Willen is 1.8% (moderate). The 2025 annual accounts show equity of €94,570 and a net result of €39,569. Its solvency ranks better than 95% of 7586 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52
Track record82
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 18.35 against 4.4 in 2024; short-term debt: 4.8% and cash: 18.2% of total assets), and 4.8% 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+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 2025
Solvency, return and age of the figures
Solvency
95.2%
Return on assets
39.8%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
7 d early
2024
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Cedric Willen was incorporated on 28 February 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€94,570▲ 71.9%
2024 · €55,001
Total assets
€99,313▲ 40.6%
2024 · €70,644
Net result
€39,569▼ 20.9%
2024 · €50,001
Working capital
€82,289▲ 54.7%
2024 · €53,185
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20242025
Operating result€62,558-€49,512▼ 20.9%
Net result€50,001above the sector's middle half-€39,569above the sector's middle half▼ 20.9%
Equity€55,001within the sector's middle half-€94,570within the sector's middle half▲ 71.9%
Total assets€70,644within the sector's middle half-€99,313within the sector's middle half▲ 40.6%
Debt€15,643-€4,743▼ 69.7%
Working capital€53,185within the sector's middle half-€82,289within the sector's middle half▲ 54.7%
Solvency77.9%above the sector's middle half-95.2%above the sector's middle half▲ 17.4pp
Current ratio4.40above the sector's middle half-18.35above the sector's middle half▲ 13.95
Return on assets (ROA)70.8%above the sector's middle half-39.8%above the sector's middle half▼ 30.9pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2024: €62,558€62,558Net result 2024: €50,001€50,001Operating result 2025: €49,512€49,512Net result 2025: €39,569€39,56920242025€0€20,000€40,000€60,000Operating result 2024: €62,558€62,600Net result 2024: €50,001€50,000Operating result 2025: €49,512€49,500Net result 2025: €39,569€39,60020242025
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99,313
Fixed assets €12,281 ▲ 576%
Current assets €87,032 ▲ 26.4%
Equity and liabilities €99,313
Equity €94,570 ▲ 71.9%
Debt €4,743 ▼ 69.7%
Debt's share of the balance-sheet total falls from 22.1% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€51,376▼
2024 · €62,687
Cash flow
€41,432▼
2024 · €50,131
Quick ratio
18.09▲
2024 · 4.32
Debt to equity
0.05▼
2024 · 0.28
ROE
41.8%▼
2024 · 90.9%
Interest coverage
234.15▼
2024 · 1629.52
Debt ≤ 1 year
€4,743▼
2024 · €15,643
Income taxes
€9,974▼
2024 · €12,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€70,644€99,313▲
Fixed assets21/28€1,816€12,281▲
Tangible fixed assets22/27€1,816€12,281▲
Plant, machinery and equipment23-€8,877
Furniture and vehicles24€1,816€3,404▲
Current assets29/58€68,828€87,032▲
Stocks and contracts in progress3€1,250€1,250=
Stocks30/36€1,250€1,250=
Amounts receivable within one year40/41€27,649€67,677▲
Trade receivables40€21,523€63,750▲
Other amounts receivable41€6,126€3,927▼
Cash at bank and in hand54/58€39,929€18,104▼
Equity and liabilities
Total equity and liabilities10/49€70,644€99,313▲
Equity10/15€55,001€94,570▲
Contributions10/11€5,000€5,000=
Reserves13€50,001€89,570▲
Distributable reserves133€50,001€89,570▲
Amounts payable17/49€15,643€4,743▼
Amounts payable within one year42/48€15,643€4,743▼
Trade debts44€12,202€2,513▼
Suppliers440/4€12,202€2,513▼
Taxes, remuneration and social security45€1,818€600▼
Taxes450/3€1,818€600▼
Other amounts payable47/48€1,623€1,629▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130€1,864▲
Other operating charges640/8€807€688▼
Gross operating margin9900€63,495€52,064▼
Operating profit (loss)9901€62,558€49,512▼
Financial income75/76B€0€250▲
Recurring financial income75€0€250▲
Financial charges65/66B€38€219▲
Recurring financial charges65€38€219▲
Profit (loss) for the period before taxes9903€62,520€49,542▼
Income taxes67/77€12,518€9,974▼
Profit (loss) for the period9904€50,001€39,569▼
Profit (loss) for the period to be appropriated9905€50,001€39,569▼
Appropriation of the result
Profit (loss) to be appropriated9906€50,001€39,569▼
Transfer to equity691/2€50,001€39,569▼
To other reserves6921€50,001€39,569▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130€1,864▲ 1,339%
Other operating charges640/8€807€688▼ 14.7%
Gross operating margin9900€63,495€52,064▼ 18.0%
Operating profit (loss)9901€62,558€49,512▼ 20.9%
Financial income75/76B€0€250▲ 833,133%
Recurring financial income75€0€250▲ 833,133%
Financial charges65/66B€38€219▲ 470%
Recurring financial charges65€38€219▲ 470%
Profit (loss) for the period before taxes9903€62,520€49,542▼ 20.8%
Income taxes67/77€12,518€9,974▼ 20.3%
Profit (loss) for the period9904€50,001€39,569▼ 20.9%
Profit (loss) for the period to be appropriated9905€50,001€39,569▼ 20.9%
Line20242025Change
Assets
Total assets20/58€70,644€99,313▲ 40.6%
Fixed assets21/28€1,816€12,281▲ 576%
Tangible fixed assets22/27€1,816€12,281▲ 576%
Plant, machinery and equipment23-€8,877-
Furniture and vehicles24€1,816€3,404▲ 87.5%
Current assets29/58€68,828€87,032▲ 26.4%
Stocks and contracts in progress3€1,250€1,250=
Stocks30/36€1,250€1,250=
Amounts receivable within one year40/41€27,649€67,677▲ 145%
Trade receivables40€21,523€63,750▲ 196%
Other amounts receivable41€6,126€3,927▼ 35.9%
Cash at bank and in hand54/58€39,929€18,104▼ 54.7%
Equity and liabilities
Total equity and liabilities10/49€70,644€99,313▲ 40.6%
Equity10/15€55,001€94,570▲ 71.9%
Contributions10/11€5,000€5,000=
Reserves13€50,001€89,570▲ 79.1%
Distributable reserves133€50,001€89,570▲ 79.1%
Amounts payable17/49€15,643€4,743▼ 69.7%
Amounts payable within one year42/48€15,643€4,743▼ 69.7%
Trade debts44€12,202€2,513▼ 79.4%
Suppliers440/4€12,202€2,513▼ 79.4%
Taxes, remuneration and social security45€1,818€600▼ 67.0%
Taxes450/3€1,818€600▼ 67.0%
Other amounts payable47/48€1,623€1,629▲ 0.4%
Line20242025Change
Profit (loss) for the period9904€50,001€39,569▼ 20.9%
+ Depreciation and write-downs630€130€1,864▲ 1,339%
Operating cash flow (approximation)€50,131€41,432▼ 17.4%
Investment in fixed assets (approximation)--€12,329-
Change in cash--€21,824-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Liquidity quadruplescurrent ratio 18.35
Current ratio from 4.40 to 18.35; short-term debt falls from €15,643 to €4,743.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Herzele · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
3,012 m²
Building footprint
190 m²
Volume, LiDAR
1,159 m³
Parcel 41062B0082/00L000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Cedric Willen
Steenhuizestraat 1, 9550 HerzeleManufacture of metal structures and parts of structures
since 20242.356.656.570
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41062B0082/00L000 Flanders 3,012 m² 1 · 190 m² 10.1 m · 2 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.

Similar companies · same sector, comparable size

Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,173 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006535148
Also 9925:BE1006535148
Registered 05-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.