CEFA PROPERTIES
ActiveSummary
The computed 12-month bankruptcy probability of CEFA PROPERTIES is 3.3% (moderate). The 2024 annual accounts show equity of €174k and a net result of €10k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+2
Solvency60▲+17
Growth78
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.05 in 2023; short-term debt: 7.6% and cash: 0% of total assets), but 65% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
100 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€174k▲ 6.3%
2023 · €163k
2023: €163k
2024: €174k▲ +6.3% vs 2023
2023 → 2024
Total assets
€496k▼ 46.2%
2023 · €923k
2023: €923k
2024: €496k▼ -46.2% vs 2023
2023 → 2024
Net result
€10k▲ 2,367%
2023 · €419
2023: €419
2024: €10k▲ +2367% vs 2023
2023 → 2024
Working capital
€38k▲ 50.2%
2023 · €25k
2023: €25k
2024: €38k▲ +50.2% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€163k-€174k▲ 6.3%
2023: €163k
2024: €174k▲ +6.3% vs 2023
Operating result€-626-€9k
2023: €-626
2024: €9k▲ +1514% vs 2023
Net result€419-€10k▲ 2,367%
2023: €419
2024: €10k▲ +2367% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9k after a loss of €626 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €496k
Fixed assets
€420k ▼ 0.8%
Current assets
€76k ▼ 84.8%
Equity and liabilities €496k
Equity
€174k ▲ 6.3%
Debt
€323k ▼ 57.5%
Debt's share of the balance-sheet total falls from 82.3% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2023 · €5k
Cash flow
€28k▲
2023 · €6k
Current ratio
2.01▲
2023 · 1.05
Debt to equity
1.86▼
2023 · 4.66
ROE
6.0%▲
2023 · 0.3%
ROA
2.1%▲
2023 · 0.0%
Interest coverage
47.65▲
2023 · 23.61
Debt ≤ 1 year
€38k▼
2023 · €474k
Debt > 1 year
€285k=
2023 · €285k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€923k€496k▼
Fixed assets21/28€424k€420k▼
Intangible fixed assets21€559€0▼
Tangible fixed assets22/27€423k€420k▼
Land and buildings22€423k€409k▼
Furniture and vehicles24-€11k
Current assets29/58€499k€76k▼
Amounts receivable within one year40/41€43k€76k▲
Trade receivables40€18k-
Other amounts receivable41€25k€76k▲
Cash at bank and in hand54/58€456k€32▼
Deferred charges and accrued income490/1€499€167▼
Equity and liabilities
Total equity and liabilities10/49€923k€496k▼
Equity10/15€163k€174k▲
Contributions10/11€5k€5k=
Revaluation surpluses12€158k€158k=
Profit (loss) carried forward14€419€11k▲
Amounts payable17/49€760k€323k▼
Amounts payable after more than one year17€285k€285k=
Financial debts170/4€285k€285k=
Amounts payable within one year42/48€474k€38k▼
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€13k€33k▲
Suppliers440/4€13k€33k▲
Other amounts payable47/48€458k€2k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€17k▲
Other operating charges640/8€381€557▲
Gross operating margin9900€6k€27k▲
Operating profit (loss)9901€-626€9k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€228€551▲
Recurring financial charges65€228€551▲
Profit (loss) for the period before taxes9903€419€10k▲
Profit (loss) for the period9904€419€10k▲
Profit (loss) for the period to be appropriated9905€419€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€419€11k▲
Profit (loss) brought forward from the previous period14P-€419
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €17k | ▲ 189% |
| Other operating charges640/8 | €381 | €557 | ▲ 46.4% |
| Gross operating margin9900 | €6k | €27k | ▲ 364% |
| Operating profit (loss)9901 | €-626 | €9k | ▲ 1,514% |
| Financial income75/76B | €1k | €2k | ▲ 60.0% |
| Recurring financial income75 | €1k | €2k | ▲ 60.0% |
| Financial charges65/66B | €228 | €551 | ▲ 141% |
| Recurring financial charges65 | €228 | €551 | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €419 | €10k | ▲ 2,367% |
| Profit (loss) for the period9904 | €419 | €10k | ▲ 2,367% |
| Profit (loss) for the period to be appropriated9905 | €419 | €10k | ▲ 2,367% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €923k | €496k | ▼ 46.2% |
| Fixed assets21/28 | €424k | €420k | ▼ 0.8% |
| Intangible fixed assets21 | €559 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €423k | €420k | ▼ 0.7% |
| Land and buildings22 | €423k | €409k | ▼ 3.3% |
| Furniture and vehicles24 | - | €11k | - |
| Current assets29/58 | €499k | €76k | ▼ 84.8% |
| Amounts receivable within one year40/41 | €43k | €76k | ▲ 77.2% |
| Trade receivables40 | €18k | - | - |
| Other amounts receivable41 | €25k | €76k | ▲ 206% |
| Cash at bank and in hand54/58 | €456k | €32 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | €499 | €167 | ▼ 66.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €923k | €496k | ▼ 46.2% |
| Equity10/15 | €163k | €174k | ▲ 6.3% |
| Contributions10/11 | €5k | €5k | = |
| Revaluation surpluses12 | €158k | €158k | = |
| Profit (loss) carried forward14 | €419 | €11k | ▲ 2,467% |
| Amounts payable17/49 | €760k | €323k | ▼ 57.5% |
| Amounts payable after more than one year17 | €285k | €285k | = |
| Financial debts170/4 | €285k | €285k | = |
| Amounts payable within one year42/48 | €474k | €38k | ▼ 92.0% |
| Current portion of amounts payable after more than one year42 | €2k | €2k | = |
| Trade debts44 | €13k | €33k | ▲ 148% |
| Suppliers440/4 | €13k | €33k | ▲ 148% |
| Other amounts payable47/48 | €458k | €2k | ▼ 99.6% |
| Accrued charges and deferred income492/3 | €1k | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €419 | €10k | ▲ 2,367% |
| + Depreciation and write-downs630 | €6k | €17k | ▲ 189% |
| Operating cash flow (approximation) | €6k | €28k | ▲ 331% |
| Investment in fixed assets (approximation) | - | €-14k | - |
| Change in cash | - | €-456k | - |
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
2026
23-09
State Gazette act
Resignation: Martine VERHOEVEN (director)Declaration · Power of attorney5 facts ▸
State Gazette act
Resignation: Martine VERHOEVEN (director)
Declaration · Power of attorney5 facts ▸
- General meeting, 04-09-2026
- Director resignation, Martine VERHOEVEN (director)
- Declaration, geen kwijting verleend
- Power of attorney, Tim Laureys
- Power of attorney, Dieter Aerts
04-09
State Gazette act
Resignations: Cédric STAUMONT (director) and Fane GASHI (director)Appointment: Wolfram MACHARIS (director) · Registered-office move · Power of attorney7 facts ▸
State Gazette act
Resignations: Cédric STAUMONT (director) and Fane GASHI (director)
Appointment: Wolfram MACHARIS (director) · Registered-office move · Power of attorney7 facts ▸
- General meeting, 25-07-2026
- Director resignation, Cédric STAUMONT (director)
- Director resignation, Fane GASHI (director)
- Director appointment, Wolfram MACHARIS (director)
- Registered-office move, 9991 Maldegem, Rootweg 30
- Power of attorney, Tim Laureys
- Power of attorney, Dieter Aerts
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 47 days late
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 100 days late
State Gazette actNBB filing
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Wolfram MACHARIS
CurrentDirector · since 04-09-2026
04-09-2026
Wolfram MACHARIS: Appointed as Director
04-09-2026
Cédric STAUMONT: Resigned as Director
04-09-2026
Fane GASHI: Resigned as Director
01-01-2026
Martine VERHOEVEN: Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2023
Ground area
2.7 ha
Building footprint
55 m²
Volume, LiDAR
171 m³
2 parcels, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
CEFA PROPERTIES
since 20232.347.459.980
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H1192/00A000 | Flanders | 2.5 ha | - | - |
| 22552E0043/00E045 | Flanders | 2,213 m² | 1 · 55 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2023
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.