CEG TECH
ActiveSummary
The computed 12-month bankruptcy probability of CEG TECH is 4.2% (elevated). The 2024 annual accounts show equity of €243k and a net result of €6k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-24
Solvency89▼-4
Growth52=
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 2.59 against 3.26 in 2023; short-term debt: 33.6% and cash: 3.7% of total assets), and 35.7% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
91 d late
2022
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€243k▲ 2.4%
2023 · €237k
Total assets
€378k▲ 8.4%
2023 · €348k
Net result
€6k▼ 92.2%
2023 · €73k
Working capital
€202k▼ 0.1%
2023 · €203k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€210k-€95k▼ 54.7%€10k▼ 89.7%
Net result€160k-€73k▼ 54.0%€6k▼ 92.2%
Equity€164k-€237k▲ 44.9%€243k▲ 2.4%
Total assets€246k-€348k▲ 41.9%€378k▲ 8.4%
Debt€82k-€111k▲ 35.9%€135k▲ 21.2%
Working capital€116k-€203k▲ 75.3%€202k▼ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 90% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €378k
Fixed assets
€49k ▼ 13.7%
Current assets
€329k ▲ 12.7%
Equity and liabilities €378k
Equity
€243k ▲ 2.4%
Debt
€135k ▲ 21.2%
Debt's share of the balance-sheet total rises from 31.9% to 35.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▼
2023 · €103k
Cash flow
€13k▼
2023 · €81k
Current ratio
2.59▼
2023 · 3.26
Quick ratio
2.14▼
2023 · 2.62
Debt to equity
0.56▲
2023 · 0.47
ROE
2.4%▼
2023 · 31.0%
ROA
1.5%▼
2023 · 21.1%
Interest coverage
40.85▼
2023 · 53.79
Debt ≤ 1 year
€127k▲
2023 · €89k
Income taxes
€4k▼
2023 · €20k
Staff costs
€609▲
2023 · €574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4k | €574 | €609 | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €8k | €8k | = |
| Other operating charges640/8 | €4k | €3k | €3k | ▼ 9.7% |
| Gross operating margin9900 | €230k | €106k | €21k | ▼ 80.5% |
| Operating profit (loss)9901 | €210k | €95k | €10k | ▼ 89.7% |
| Financial income75/76B | €50 | - | - | - |
| Recurring financial income75 | €50 | - | - | - |
| Financial charges65/66B | €0 | €2k | €428 | ▼ 77.6% |
| Recurring financial charges65 | €0 | €2k | €428 | ▼ 77.6% |
| Profit (loss) for the period before taxes9903 | €210k | €93k | €9k | ▼ 90.0% |
| Income taxes67/77 | €51k | €20k | €4k | ▼ 81.9% |
| Profit (loss) for the period9904 | €160k | €73k | €6k | ▼ 92.2% |
| Profit (loss) for the period to be appropriated9905 | €160k | €73k | €6k | ▼ 92.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €246k | €348k | €378k | ▲ 8.4% |
| Fixed assets21/28 | €64k | €56k | €49k | ▼ 13.7% |
| Tangible fixed assets22/27 | €26k | €19k | €11k | ▼ 41.4% |
| Furniture and vehicles24 | €26k | €19k | €11k | ▼ 41.4% |
| Financial fixed assets28 | €38k | €38k | €38k | = |
| Current assets29/58 | €181k | €292k | €329k | ▲ 12.7% |
| Amounts receivable after more than one year29 | €23k | €23k | €23k | = |
| Other amounts receivable291 | €23k | €23k | €23k | = |
| Stocks and contracts in progress3 | - | €57k | €57k | = |
| Stocks30/36 | - | €57k | €57k | = |
| Amounts receivable within one year40/41 | €159k | €176k | €235k | ▲ 33.4% |
| Trade receivables40 | €139k | €156k | €169k | ▲ 8.5% |
| Other amounts receivable41 | €20k | €20k | €66k | ▲ 226% |
| Cash at bank and in hand54/58 | €18 | €36k | €14k | ▼ 60.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €246k | €348k | €378k | ▲ 8.4% |
| Equity10/15 | €164k | €237k | €243k | ▲ 2.4% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €160k | €233k | €239k | ▲ 2.5% |
| Amounts payable17/49 | €82k | €111k | €135k | ▲ 21.2% |
| Amounts payable within one year42/48 | €66k | €89k | €127k | ▲ 41.8% |
| Current portion of amounts payable after more than one year42 | €9k | €6k | €1k | ▼ 75.5% |
| Trade debts44 | €6k | - | €71k | - |
| Suppliers440/4 | €6k | - | €71k | - |
| Advances received on contracts in progress46 | - | €12k | - | - |
| Taxes, remuneration and social security45 | €51k | €71k | €26k | ▼ 63.5% |
| Taxes450/3 | €51k | €71k | €26k | ▼ 63.5% |
| Other amounts payable47/48 | €546 | - | €28k | - |
| Accrued charges and deferred income492/3 | €16k | €22k | €8k | ▼ 63.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €160k | €73k | €6k | ▼ 92.2% |
| + Depreciation and write-downs630 | €12k | €8k | €8k | = |
| Operating cash flow (approximation) | €172k | €81k | €13k | ▼ 83.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €36k | €-22k | ▼ 161% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €6k ▼92.2%
Net result drops to €6k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Equity above €200kEq €237k ▲44.9%
2 profitable years in a row build equity to €237k.
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2021
Ground area
1,918 m²
Building footprint
547 m²
Volume, LiDAR
10,340 m³
Parcel 21524C0064/00Z007, Brussels · tallest building 26.2 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Schoonslaapsterstraat 45, 1080 Sint-Jans-Molenbeek
since 20212.316.799.270
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0064/00Z007 | Brussels | 1,918 m² | 1 · 547 m² | 26.2 m · 7 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 7,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33110Repair and maintenance of fabricated metal products
33140Repair and maintenance of electrical equipment
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
Contact
E-mail
gavrilcoca@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.