Active BE 0845.507.527Private limited company

CEE-CONSTRUCTION

Herentalseweg 42 ·2440 Geel, Belgium· 14 yrs active

Sector: Manufacture of metal structures and parts of structures (25110)

Conclusion Checked

CEE-CONSTRUCTION has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €829k and a net result of €12k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 48 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€829k
Net result	€12k
Staff (FTE)	8.6
Better than sector	22%

Financial profile 5 of 5 axes measured · computed by Checked

50 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 64

Profitability 7

Solvency 25

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

64 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview14 NBB filings

Annual accounts filed on 29-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~12.7%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	16.9%	36.6%	better than 22% of 48 sector peers
Net result	€12k	€58k	better than 21% of 48 sector peers
Equity	€829k	€286k	better than 74% of 48 sector peers
Gross operating margin	€1.20M	€437k	better than 85% of 48 sector peers
Staff costs	€702k	€355k	higher than 73% of 33 sector peers

EBITDA

€479k

+34.5% 18-25

Net profit

€12k

- 18-25

Cash flow

€370k

+34.8% 18-25

Total assets

€4.91M

+4.2% 18-25

Equity

€829k

+1.5% 18-25

Working capital

€156k

+200.0% 18-25

Employees (FTE)

9

+24.6% 18-25

Staff costs

€702k

+46.5% 18-25

Income taxes

€1k

+32.9% 18-25

Debt

€4.08M

+4.8% 18-25

Debt ≤ 1y

€1.29M

+10.5% 18-25

Debt > 1y

€2.78M

+11.9% 18-25

Current ratio

1.12

+7.3% 18-25

Quick ratio

0.82

+9.2% 18-25

Solvency

16.9%

-2.6% 18-25

Debt / equity

4.93

+3.2% 18-25

ROE

1.5%

- 18-25

ROA

0.3%

- 18-25

Interest coverage

4.43

+7.0% 18-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	abbreviated schema
Revenue	-
EBITDA	€479k
Net profit	€12k
Cash flow	€370k
Staff costs	€702k
Income taxes	€1k
Dividends	-
Total assets	€4.91M
Equity	€829k
Debt	€4.08M
of which ≤ 1y	€1.29M
of which > 1y	€2.78M
Working capital	€156k
Employees (FTE)	8.6

Ratios (computed)

	2025
Current ratio	1.12
Quick ratio	0.82
Working capital ratio	3.2%
Solvency	16.9%
Debt / equity	4.93
Long-term debt ratio	3.36
Interest coverage	4.43
Gross margin	-
Net margin	-
ROA	0.3%
ROE	1.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Balance-sheet composition 2025

Assets

Fixed assets €3.46M · 70.5% Current assets €1.45M · 29.5%

Equity & liabilities

Equity €829k · 16.9% Debt €4.08M · 83.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.91M
Fixed assets	21/28	€3.46M
Intangible fixed assets	21	€7k
Tangible fixed assets	22/27	€3.45M
Financial fixed assets	28	€620
Current assets	29/58	€1.45M
Stocks & contracts in progress	3	€388k
Amounts receivable within one year	40/41	€908k
Cash & bank	54/58	€128k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.91M
Equity	10/15	€829k
Contributions / capital	10/11	€69k
Reserves	13	€760k
Amounts payable	17/49	€4.08M
Amounts payable after one year	17	€2.78M
Amounts payable within one year	42/48	€1.29M
Trade debts payable within one year	44	€260k
Income statement
Gross operating margin	9900	€1.20M
Operating result	9901	€121k
Financial charges	65	€108k
Result before taxes	9903	€13k
Income taxes	67/77	€1k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

Legal Structure

NACE primary	Manufacture of metal structures and parts of structures(25110)
Legal form	Private limited company(610)
Incorporation	23-04-2012
Status	Active
Postal code	2440

Establishment units 1 location

CEE-CONSTRUCTION

Herentalseweg 42, 2440 GeelManufacture of metal structures and parts of structures

since 20122.211.675.422

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13373B0314/00B000	Flanders	4,776 m²	1 · 2,819 m²	-

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.

Updates 11 events

All 11 NBB filing 10 State Gazette act 1

2017 2017: 1 NBB filing 2018 2018: 1 NBB filing 2019 2019: 1 NBB filing 2020 2020: 1 NBB filing 2021 2021: 1 NBB filing 2022 2022: 1 NBB filing 2023 2023: 1 NBB filing 2024 2024: 1 State Gazette act, 1 NBB filing 2025 2025: 1 NBB filing 2026 2026: 1 NBB filing

2026

29-07-2026 NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

28-08-2025 NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

12-06-2024 NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

31-01-2024 State Gazette act Director changes

23486102 · Wim VANBERGHEN · correction

2023

29-08-2023 NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

13-10-2022 NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

13-07-2021 NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

28-09-2020 NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

08-08-2019 NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

02-07-2018 NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

03-07-2017 NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

31-01-2024 Change of permanent representative Director changes·Wim VANBERGHENcorrection

Summary: 23486102Notary: Wim VANBERGHEN · Oud-Turnhout

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Manufacture of metal structures and parts of structures25110Engineering and related technical consultancy, excluding land surveyors71121Installation of industrial machinery and equipment33200

Names & trade names

Legal nameNL

CEE-CONSTRUCTION

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