CEFAC
ActiveCEFAC has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €731k and a net result of €53k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+20
Solvency98▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 5.85 in 2024), and 26.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
73.9%
Return on assets
5.4%
Age of the figures
8 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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d late
2023
on the day
2022
31 d early
2021
31 d late
2020
126 d late
2019
91 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€53k▲ 76.0%
2024 · €30k
2018: €134k
2019: €156k
2020: €97k
2021: €158k
2022: €89k
2023: €107k
2024: €30k
2018 → 2025
Working capital
€236k▼ 74.0%
2024 · €905k
2018: €538k
2019: €699k
2020: €626k
2021: €777k
2022: €883k
2023: €1.01M
2024: €905k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€872k-€961k▲ 10.1%€1.05M▲ 9.7%€940k▼ 10.8%€731k▼ 22.2%
Operating result€218k-€127k▼ 41.7%€153k▲ 20.9%€90k▼ 41.4%€36k▼ 59.6%
Net result€158k-€89k▼ 43.7%€107k▲ 20.4%€30k▼ 71.8%€53k▲ 76.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 60% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €989k
Fixed assets
€495k▲ 1,315%
Current assets
€494k▼ 54.7%
Equity and liabilities €989k
Equity
€731k▼ 22.2%
Debt
€258k▲ 38.5%
The debt ratio rises from 16.6% to 26.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€72k▼
2024 · €109k
Cash flow
€89k▲
2024 · €49k
Solvency
73.9%▼
2024 · 83.4%
Current ratio
1.91▼
2024 · 5.85
Quick ratio
1.91▼
2024 · 5.85
Debt / equity
0.35▲
2024 · 0.20
ROE
7.3%▲
2024 · 3.2%
ROA
5.4%▲
2024 · 2.7%
Interest coverage
20.99▼
2024 · 42.39
Debt
€258k▲
2024 · €187k
Debt ≤ 1 year
€258k▲
2024 · €187k
Income taxes
€-9k▼
2024 · €66k
Staff costs
€400k▲
2024 · €319k
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€1.13M€989k▼
Fixed assets21/28€35k€495k▲
Intangible fixed assets21€745€186▼
Tangible fixed assets22/27€31k€491k▲
Land and buildings22-€465k
Furniture and vehicles24€26k€26k▼
Other tangible fixed assets26€4k-
Financial fixed assets28€3k€4k▲
Current assets29/58€1.09M€494k▼
Amounts receivable within one year40/41€447k€373k▼
Trade receivables40€268k€328k▲
Other amounts receivable41€179k€45k▼
Cash at bank and in hand54/58€628k€101k▼
Deferred charges and accrued income490/1€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€989k▼
Equity10/15€940k€731k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€249k€6k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€486-
Distributable reserves133€242k-
Profit (loss) carried forward14€629k€663k▲
Amounts payable17/49€187k€258k▲
Amounts payable within one year42/48€187k€258k▲
Trade debts44€89k€169k▲
Suppliers440/4€89k€169k▲
Advances received on contracts in progress46€3k€2k▼
Taxes, remuneration and social security45€78k€72k▼
Taxes450/3€35k€22k▼
Remuneration and social security454/9€43k€50k▲
Other amounts payable47/48€16k€16k▼
Income statement
Code20242025
Remuneration, social security and pensions62€319k€400k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€35k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€-14k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€445k€461k▲
Operating profit (loss)9901€90k€36k▼
Financial income75/76B€9k€11k▲
Recurring financial income75€9k€11k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€96k€44k▼
Income taxes67/77€66k€-9k▼
Profit (loss) for the period9904€30k€53k▲
Transfer from tax-exempt reserves789-€486
Profit (loss) for the period to be appropriated9905€30k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€647k€683k▲
Profit (loss) brought forward from the previous period14P€616k€629k▲
Transfer from equity791/2€127k€242k▲
Profit to be distributed694/7€144k€262k▲
Return on contributions (dividend)694€127k€247k▲
Employees696€18k€16k▼
Social balance
Average headcount (FTE)90876.67.6▲
The notes to these accounts (9 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €30k ▼71.8%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.05M ▲9.7%
6 profitable years in a row build equity to €1.05M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €158k ▲63.4%
Net result €158k, the highest in the series.
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 126 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
CHARTERED ACCOUNTANT MISSIONS S.Comm
CurrentDirector · since 01-01-2025 · Limited partnership
01-01-2025
CHARTERED ACCOUNTANT MISSIONS S.Comm: Appointed as Director
01-01-2025
CHAPAUX Pierre: Resigned as Director
18-04-2023
CHAPAUX Pierre: Resigned as Director (executive)
Location & real-estate footprint
Registered office, Blégny · 1 establishment unit since 1984
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.
Rue Lieutenant Jungling 84671 BlégnyGround area
778 m²
Building footprint
80 m²
Volume, LiDAR
392 m³
Parcel 62010A0173/00X000, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Lieutenant Jungling 8, 4671 Blégny
since 19842.081.564.570
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62010A0173/00X000 | Wallonia | 778 m² | 1 · 80 m² | 6.1 m · 2 fl. |
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.
Similar companies · same sector, comparable size
BECOVFIDUS
BE 0425.375.385
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Betulla
BE 0715.782.893
Pelt · Eq €729k
BELFAGEST
BE 0430.846.581
Chaudfontaine · Eq €733k
Dakat
BE 0896.631.178
Maarkedal · Eq €727k
BBR Management
BE 0669.618.912
Watermaal-Bosvoorde · Eq €735k
Of 12,122 companies in sector 69201 we hold annual accounts for 7,600. 4,955 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-1984
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.