CEFRAN
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CEFRAN has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €989,349 and a net result of €71,804. Equity is growing by about 3.3% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 21-12-1990 Normal situation
- Legal form
- Private limited company
- Registered office
- Beeldhouwerslaan 28, 1180 Ukkel
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
How it is doing
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €121,305
- ▼ 13.7%
- Turnover
- ≈ €300,000
- estimated
- Profit
- €71,804
- ▼ 39.0%
- Equity
- €989,349
- ▼ 3.2%
- Total assets
- €1.1m
- ▲ 3.8%
Why 95raises riskNo registered site in the KBOlowers riskSize: total assets €1.1mEquity €989,349 (90.3% of total assets)Liquidity: current ratio 8.86, cash €294,413Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 75% on liquidity, 59% on profitability and 34% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 21-05-2026
- Format
- micro format
- Reference
- 2026-00117200
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 16% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,323 | €57,838 | €57,838 | €58,410 | €58,587 | €36,014 | €21,525 | €20,275 | ▼ 5.8% |
| Other operating charges640/8 | - | - | - | €4,083 | €3,990 | €4,369 | €4,579 | €4,709 | ▲ 2.8% |
| Gross operating margin9900 | €137,807 | €79,628 | €23,211 | €77,098 | €125,360 | €125,352 | €140,604 | €121,305 | ▼ 13.7% |
| Operating profit (loss)9901 | €75,787 | €17,257 | -€38,598 | €14,604 | €62,782 | €84,969 | €114,500 | €96,321 | ▼ 15.9% |
| Financial income75/76B | - | - | - | €70,585 | €12,054 | €11,459 | €66,861 | €21,009 | ▼ 68.6% |
| Recurring financial income75 | €3,426 | €4,202 | €7,135 | €10,665 | €12,054 | €11,459 | €66,861 | €21,009 | ▼ 68.6% |
| Non-recurring financial income76B | - | - | - | €59,920 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €10,349 | €3,389 | €459 | €4,297 | €11,403 | ▲ 165% |
| Recurring financial charges65 | €5,512 | €3,381 | €3,231 | €10,349 | €3,389 | €459 | €4,297 | €11,403 | ▲ 165% |
| Profit (loss) for the period before taxes9903 | €73,701 | €15,231 | -€34,693 | €74,841 | €71,446 | €95,968 | €177,064 | €105,927 | ▼ 40.2% |
| Transfer from deferred taxes780 | - | - | - | €288 | - | - | - | - | - |
| Income taxes67/77 | €23,177 | €5,957 | €191 | €17,437 | €23,875 | €31,779 | €59,273 | €34,123 | ▼ 42.4% |
| Profit (loss) for the period9904 | €52,130 | €10,880 | -€33,278 | €57,692 | €47,571 | €64,189 | €117,791 | €71,804 | ▼ 39.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €672 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €55,879 | €14,629 | -€29,529 | €58,364 | €47,571 | €64,189 | €117,791 | €71,804 | ▼ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | €1.1m | ▲ 3.8% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 6.6% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 6.6% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 13.6% |
| Plant, machinery and equipment23 | - | - | - | €0.08m | €0.03m | €0.01m | €0.008m | €0.005m | ▼ 38.9% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.04m | €0.05m | €0.05m | €0.06m | ▲ 12.1% |
| Financial fixed assets28 | €261 | €261 | €261 | €261 | €261 | €261 | €261 | €261 | = |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €0.9m | ▲ 5.7% |
| Amounts receivable after more than one year29 | - | - | - | €0.4m | €0.4m | €0.4m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.4m | €0.4m | €0.4m | - | - | - |
| Amounts receivable within one year40/41 | - | - | €0.001m | €0.002m | - | - | €0.009m | €0.007m | ▼ 20.9% |
| Other amounts receivable41 | - | - | - | €0.002m | - | - | €0.009m | €0.007m | ▼ 20.9% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.08m | €0.2m | €0.2m | €0.6m | €0.6m | ▲ 0.9% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 19.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 35.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | €1.1m | ▲ 3.8% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | €1.0m | ▼ 3.2% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.07m | €0.06m | €0.06m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 11.8% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 11.9% |
| Profit (loss) carried forward14 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.1% |
| Provisions and deferred taxes16 | €0.004m | €0.002m | €288 | - | - | - | - | - | - |
| Amounts payable17/49 | €0.09m | €0.06m | €0.04m | €0.03m | €0.03m | €0.06m | €0.03m | €0.1m | ▲ 222% |
| Amounts payable after more than one year17 | €0.04m | €0.03m | €0.02m | €0.005m | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.005m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.05m | €0.03m | €0.02m | €0.03m | €0.03m | €0.06m | €0.03m | €0.1m | ▲ 222% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.005m | - | - | - | - |
| Trade debts44 | €0.001m | €0.002m | - | €0.001m | - | - | - | - | - |
| Suppliers440/4 | - | - | - | €0.001m | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.006m | €0.03m | €0.001m | ▼ 95.7% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.006m | €0.03m | €0.001m | ▼ 95.7% |
| Other amounts payable47/48 | - | - | - | - | €0.001m | €0.06m | - | €0.1m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €245 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,130 | €10,880 | -€33,278 | €57,692 | €47,571 | €64,189 | €117,791 | €71,804 | ▼ 39.0% |
| + Depreciation and write-downs630 | €58,323 | €57,838 | €57,838 | €58,410 | €58,587 | €36,014 | €21,525 | €20,275 | ▼ 5.8% |
| Operating cash flow (approximation) | €110,453 | €68,718 | €24,560 | €116,102 | €106,158 | €100,203 | €139,316 | €92,079 | ▼ 33.9% |
| Investment in fixed assets (approximation) | - | -€12,914 | €0 | -€9,772 | -€19,250 | -€8,159 | -€4,275 | -€9,468 | ▼ 121% |
| Change in cash | - | €38,153 | -€5,794 | -€127,085 | -€16,157 | €63,940 | €63,051 | €47,914 | ▼ 24.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00117200 | |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00116094 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00111713 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00150279 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20076605 | |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16600297 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19900441 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-33600518 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-36100072 | |
| 31-12-2016 | full format | 07-07-2017 | 2017-30400042 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MOREAU Jean |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTICLE 15 - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, ARTICLE 14”“Fixe ou proportionnelle, rémunération des administrateurs”
Articles of association, deed of 06-12-2023
Owners and capital
Capital and shareholders
- 06-12-2023 Converted to unavailable equity
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Un ou plusieurs commissaires, contrôle de la société”Other provision: “Réserve et répartition des bénéfices, (9)”Liquidation distribution: “(10), biens conservés remis pour être partagés dans la même proportion”
Articles of association, deed of 06-12-2023 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-12
Gazette deed
Resignation: MOREAU Jean (manager)Appointment: MOREAU Jean (director) · Director discharge · Capital conversion8 facts ▸
- General meeting, 23-11-2023
- Director resignation, MOREAU Jean (manager)
- Director discharge, MOREAU Jean (manager)
- Director appointment, MOREAU Jean (director (not named in the articles))
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Amendment of the articles (2 times)
- Other provision, “forme civile d'origine et suppression de la distinction, distinction entre sociétés civiles et commerciales supprimée par le Code des sociétés et des associatio…” (deed in French)
- Capital
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CEFRAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of May at 15:00
Articles of association, deed of 06-12-2023 (in French)
Recognitions · licences · registrations
Legal Entity Identifier
Sites & property
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21612D0016/00R007 | Brussels | 744 m² | 1 · 132 m² | 12.3 m · 3 |