CEFRET
ActiveSummary
CEFRET has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171,987 and a net result of €15,446. Equity is shrinking by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+14
Solvency88▲+5
Growth58▲+23
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.46 in 2023; short-term debt: 25.3% and cash: 15.1% of total assets), and 36.7% of the assets are financed with debt.
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Signals
Five 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← 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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
28 d early
2023
35 d early
2022
34 d early
2021
33 d early
2020
33 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15,446
2023 · -€15,446
Working capital
€96,926▲ 78.2%
2023 · €54,382
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, 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
Line20202021202220232024
Operating result€102▼ 91.1%€100▼ 1.2%-€5,855-€21,297▼ 264%€9,990
Net result-€15,446below the sector's middle half€15,446within the sector's middle half
Equity€195,884within the sector's middle half▼ 3.0%€189,925below the sector's middle half▼ 3.0%€183,966within the sector's middle half▼ 3.1%€162,561above the sector's middle half▼ 11.6%€171,987above the sector's middle half▲ 5.8%
Total assets€426,216within the sector's middle half▼ 10.9%€407,435below the sector's middle half▼ 4.4%€282,824below the sector's middle half▼ 30.6%€279,639above the sector's middle half▼ 1.1%€271,613above the sector's middle half▼ 2.9%
Debt€230,332▼ 16.7%€217,511▼ 5.6%€98,858▼ 54.6%€117,078▲ 18.4%€99,626▼ 14.9%
Working capital€262,066within the sector's middle half▲ 22.9%€248,703within the sector's middle half▼ 5.1%€97,942within the sector's middle half▼ 60.6%€54,382within the sector's middle half▼ 44.5%€96,926above the sector's middle half▲ 78.2%
Solvency46.0%within the sector's middle half▲ 3.8pp46.6%within the sector's middle half▲ 0.7pp65.0%within the sector's middle half▲ 18.4pp58.1%within the sector's middle half▼ 6.9pp63.3%within the sector's middle half▲ 5.2pp
Current ratio13.20above the sector's middle half▲ 10.167.20within the sector's middle half▼ 6.001.99within the sector's middle half▼ 5.211.46within the sector's middle half▼ 0.532.41within the sector's middle half▲ 0.95
Return on assets (ROA)-5.5%below the sector's middle half5.7%within the sector's middle half▲ 11.2pp
Staff (FTE)2.3below the sector's middle half▼ 20.7%2.7below the sector's middle half▲ 17.4%2.8below the sector's middle half▲ 3.7%2.9▲ 3.6%3.3▲ 13.8%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9,990 after a loss of €21,297 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €271,613
Fixed assets
€105,953 ▼ 2.1%
Current assets
€165,660 ▼ 3.4%
Equity and liabilities €271,613
Equity
€171,987 ▲ 5.8%
Debt
€99,626 ▼ 14.9%
Debt's share of the balance-sheet total falls from 41.9% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,780▲
2023 · €21,030
Cash flow
€51,236▲
2023 · €26,881
Debt to equity
0.58▼
2023 · 0.72
ROE
9.0%▲
2023 · -9.5%
Interest coverage
80.59▼
2023 · 194.76
Debt ≤ 1 year
€68,734▼
2023 · €117,078
Staff costs
€301,666▲
2023 · €256,916
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
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 497,340 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% | 1.0% |
| 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% 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 31,371 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €234 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €220,315 | €235,562 | €256,916 | €301,666 | ▲ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,516 | €39,792 | €34,283 | €42,327 | €35,791 | ▼ 15.4% |
| Other operating charges640/8 | - | €6,674 | €6,961 | €10,596 | €10,596 | = |
| Gross operating margin9900 | €185,137 | €266,882 | €270,952 | €288,542 | €358,043 | ▲ 24.1% |
| Operating profit (loss)9901 | €102 | €100 | -€5,855 | -€21,297 | €9,990 | ▲ 147% |
| Financial income75/76B | - | - | €5,959 | €5,959 | €6,024 | ▲ 1.1% |
| Recurring financial income75 | - | - | €5,959 | €5,959 | €6,024 | ▲ 1.1% |
| Financial charges65/66B | - | €100 | €104 | €108 | €568 | ▲ 426% |
| Recurring financial charges65 | €102 | €100 | €104 | €108 | €568 | ▲ 426% |
| Profit (loss) for the period before taxes9903 | - | - | - | -€15,446 | €15,446 | ▲ 200% |
| Profit (loss) for the period9904 | - | - | - | -€15,446 | €15,446 | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | - | - | - | -€15,446 | €15,446 | ▲ 200% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,216 | €407,435 | €282,824 | €279,639 | €271,613 | ▼ 2.9% |
| Fixed assets21/28 | €142,673 | €118,645 | €86,024 | €108,179 | €105,953 | ▼ 2.1% |
| Tangible fixed assets22/27 | €142,673 | €118,645 | €86,024 | €108,179 | €105,953 | ▼ 2.1% |
| Land and buildings22 | - | €41,669 | €35,710 | €29,751 | €23,731 | ▼ 20.2% |
| Plant, machinery and equipment23 | - | - | €3,827 | €3,271 | €28,549 | ▲ 773% |
| Furniture and vehicles24 | - | €76,976 | €46,487 | €75,157 | €53,674 | ▼ 28.6% |
| Current assets29/58 | €283,543 | €288,790 | €196,801 | €171,460 | €165,660 | ▼ 3.4% |
| Amounts receivable within one year40/41 | €145,408 | €101,140 | €68,147 | €96,938 | €122,339 | ▲ 26.2% |
| Trade receivables40 | - | €56,394 | €48,265 | €58,083 | €76,696 | ▲ 32.0% |
| Other amounts receivable41 | - | €44,746 | €19,882 | €38,855 | €45,642 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €138,135 | €187,650 | €81,892 | €74,522 | €40,945 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | - | €46,762 | €0 | €2,376 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,216 | €407,435 | €282,824 | €279,639 | €271,613 | ▼ 2.9% |
| Equity10/15 | €195,884 | €189,925 | €183,966 | €162,561 | €171,987 | ▲ 5.8% |
| Reserves13 | - | - | €143,339 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | €127,893 | €143,339 | ▲ 12.1% |
| Investment grants15 | - | €46,586 | €40,627 | €34,668 | €28,648 | ▼ 17.4% |
| Amounts payable17/49 | €230,332 | €217,511 | €98,858 | €117,078 | €99,626 | ▼ 14.9% |
| Amounts payable within one year42/48 | €21,477 | €40,087 | €98,858 | €117,078 | €68,734 | ▼ 41.3% |
| Trade debts44 | €4,253 | €5,151 | €27,806 | €7,890 | €13,439 | ▲ 70.3% |
| Suppliers440/4 | - | €5,151 | €27,806 | €7,890 | €13,439 | ▲ 70.3% |
| Taxes, remuneration and social security45 | - | €34,936 | €28,552 | €45,322 | €55,295 | ▲ 22.0% |
| Taxes450/3 | - | €6,446 | €630 | €9,843 | €12,046 | ▲ 22.4% |
| Remuneration and social security454/9 | - | €28,490 | €27,922 | €35,479 | €43,249 | ▲ 21.9% |
| Accrued charges and deferred income492/3 | - | €177,423 | - | - | €30,892 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | - | -€15,446 | €15,446 | ▲ 200% |
| + Depreciation and write-downs630 | €37,516 | €39,792 | €34,283 | €42,327 | €35,791 | ▼ 15.4% |
| Operating cash flow (approximation) | €37,516 | €39,792 | €34,283 | €26,881 | €51,236 | ▲ 90.6% |
| Investment in fixed assets (approximation) | - | -€15,765 | -€1,662 | -€64,483 | -€33,565 | ▲ 47.9% |
| Change in cash | - | €49,515 | -€105,759 | -€7,369 | -€33,577 | ▼ 356% |
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
Next filing, fiscal year 2026, expected by
2026
13-07
State Gazette act
Resignation: Ghilbert Jonathan (director)Appointments: Deldique Anne-Claire (director) and Bruschi Fabio (director)18 facts ▸
State Gazette act
Resignation: Ghilbert Jonathan (director)
Appointments: Deldique Anne-Claire (director) and Bruschi Fabio (director)18 facts ▸
- General meeting, 23-06-2026
- Director resignation, Ghilbert Jonathan (director)
- Director appointment, Deldique Anne-Claire (director)
- Director appointment, Bruschi Fabio (director)
- Board composition, Lheureux Eric (director)
- Board composition, Demuelenaere Guy (director)
- Board composition, Dewandeleer Pascal (director)
- Board composition, Bonami Griet (director)
- Board composition, Van Goethem Wim (director)
- Board composition, Verbeke Wout (director)
- Board composition, Albers Maryline (director)
- Board composition, Cammaert Yves (director)
- +6 further facts in this act
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,446
Net result €15,446 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 13.20
Current ratio from 3.04 to 13.20; short-term debt falls from €104,540 to €21,477.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2012
03-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
28-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
14-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 directors, last change in 2026
Bruschi Fabio
CurrentDirector · since 23-06-2026
DELDICQUE Anne-Claire
CurrentDirector · since 23-06-2026
Deldique Anne-Claire
CurrentDirector · since 13-07-2026 · from a recent act
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 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, Mouscron · 1 establishment unit since 1991
Ground area
680 m²
Building footprint
339 m²
Volume, LiDAR
2,298 m³
Parcel 54007B0677/00H000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Centre de Formation de Recyclage et de Reconversion pour l'Industrie du Textile et de la Bonneterie
since 19912.171.665.296
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0677/00H000 | Wallonia | 680 m² | 1 · 339 m² | 7.1 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.
Mandate history
4 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bruschi Fabio |
|
| DELDICQUE Anne-Claire |
|
| Deldique Anne-Clairefrom an act |
|
| Ghilbert Jonathan |
|
Structure & network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
BEWEGING VOOR INTERNATIONALE SOLIDARITEIT - MOUVEMENT POUR LA SOLIDARITE INTERNATIONALE
via DELDICQUE Anne-Claire · Director
former→
former→
VAKANTIE ARDENNEN - VACANCES ARDENNES
via DELDICQUE Anne-Claire · Director
former→
Public money · subsidies and aid
Federal government
2023 · 1 entry · 21,514 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2023 | FOD Werkgelegenheid | 1 | 21,514 EUR |
Budget allocations
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Of 3,021 companies in sector 85592 we hold annual accounts for 991. 752 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded23-06-1989
Fiscal year end31-12
Abbreviation FR
C.E.F.R.E.T.
Activities, NACEBEL 2025
85592Vocational training
E-invoicing
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Register as of 30 September 2026 · Peppol Directory
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