CEGECO
CEGECO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €19k and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 7837 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €19k |
| Net result | €29k |
| Better than sector | 12% |
| Active | 9 yrs |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.9% | 51.3% | |
| Net result | €29k | €33k | |
| Equity | €19k | €132k | |
| Gross operating margin | €45k | €63k | |
| Total assets | €398k | €337k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €29k | €36k | €24k | €9k | €-23k |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - | - |
| Income taxes | €11k | €13k | €5k | €534 | €584 |
| Dividends | €79k | - | - | - | - |
| Total assets | €398k | €369k | €319k | €295k | €286k |
| Equity | €19k | €69k | €33k | €9k | €-73 |
| Debt | €378k | €300k | €286k | €286k | €286k |
| of which ≤ 1y | €378k | €300k | €286k | €286k | €286k |
| of which > 1y | - | - | - | - | - |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 4.9% | 18.7% | 10.3% | 3.0% | 0.0% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | 7.3% | 9.8% | 7.6% | 3.0% | -7.9% |
| ROE | 151.0% | 52.3% | 73.3% | 100.8% | 30879.3% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €398k | €369k | €319k | €295k | €286k |
| Fixed assets | 21/28 | €270k | €270k | €270k | €272k | €275k |
| Tangible fixed assets | 22/27 | - | - | - | €2k | €5k |
| Financial fixed assets | 28 | €270k | €270k | €270k | €270k | €270k |
| Current assets | 29/58 | €128k | €99k | €49k | €24k | €11k |
| Amounts receivable within one year | 40/41 | €11k | €17k | €5k | €1k | €2k |
| Investments | 50/53 | €105k | - | - | - | - |
| Cash & bank | 54/58 | €11k | €80k | €41k | €13k | €9k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €398k | €369k | €319k | €295k | €286k |
| Equity | 10/15 | €19k | €69k | €33k | €9k | €-73 |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €742 | €51k | €14k | €2k | €2k |
| Accumulated profits (losses) | 14 | €0 | - | - | €-12k | €-21k |
| Amounts payable | 17/49 | €378k | €300k | €286k | €286k | €286k |
| Amounts payable within one year | 42/48 | €378k | €300k | €286k | €286k | €286k |
| Trade debts payable within one year | 44 | - | €0 | €138 | €669 | €922 |
| Income statement | ||||||
| Gross operating margin | 9900 | €45k | €53k | €34k | €16k | €-15k |
| Operating result | 9901 | €44k | €52k | €30k | €10k | €-21k |
| Financial income | 75 | €942 | - | - | - | - |
| Financial charges | 65 | €5k | €3k | €1k | €877 | €1k |
| Result before taxes | 9903 | €40k | €49k | €29k | €9k | €-22k |
| Income taxes | 67/77 | €11k | €13k | €5k | €534 | €584 |
| Net result for the period | 9904 | €29k | €36k | €24k | €9k | €-23k |
| Result to be appropriated | 9905 | €29k | €36k | €24k | €9k | €-23k |
Former directors (2)
-
Lode Vande VyvereDirectorState Gazette act 23460518 (18-12-2023)Former- → 18-12-2023
-
Sylvie LipsDirectorState Gazette act 23460518 (18-12-2023)Former- → 18-12-2023
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 28-02-2017 |
| Status | Active |
| Postal code | 8301 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31008I0470/00H000 | Flanders | 4,585 m² | 1 · 3,867 m² | 9.7 m · 2 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
18-12-2023 Capital decrease of €18,600
Technical details
{
"events": [
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{
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],
"notary": {
"name": "Philippe STRYPSTEEN",
"firm_city": null,
"firm_name": null,
"office_city": "Knokke-Heist",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-18",
"filing_date": "2023-12-14",
"act_kind_objet": "ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), WIJZIGING RECHTSVORM"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2023-11-24",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0671.898.907",
"name_full": "CEGECO",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"afschrift proces-verbaal van statutenwijziging",
"de geco\u00F6rdineerde statuten"
],
"shareholders_after": [],
"share_classes_after": [
{
"n_shares": 100,
"class_name": "Aandelen",
"capital_share_eur": null,
"voting_rights_per_share": 1.0
}
]
}| Legal nameNL | CEGECO |