CEGELEC
ActiveSummary
The computed 12-month bankruptcy probability of CEGELEC is 1.8% (moderate). The 2024 annual accounts show equity of €23.5m and a net result of €8.7m. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 21% of 112 sector peers (fiscal year 2024). The company has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
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History
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 100 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 97% are still going.
- Large
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 100 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €115.2m | €130.0m | €134.6m | €147.8m | ▲ 9.8% |
| Turnover70 | €113.2m | €110.2m | €125.1m | €127.8m | €141.1m | ▲ 10.5% |
| Other operating income74 | - | €5.0m | €4.9m | €6.9m | €6.7m | ▼ 2.9% |
| Operating charges60/66A | - | €108.7m | €122.0m | €126.0m | €138.8m | ▲ 10.2% |
| Goods for resale, raw materials and consumables60 | - | €36.8m | €38.7m | €40.3m | €36.2m | ▼ 10.2% |
| Purchases600/8 | - | €36.8m | €38.7m | €40.3m | €36.2m | ▼ 10.2% |
| Services and other goods61 | - | €40.7m | €49.7m | €48.4m | €62.4m | ▲ 29.1% |
| Remuneration, social security and pensions62 | - | €30.4m | €33.0m | €37.3m | €39.3m | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €576,829 | €589,082 | €605,372 | €579,099 | €462,925 | ▼ 20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €143,444 | €127,311 | -€628,905 | €120,629 | ▲ 119% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€5,763 | -€289,187 | - | - | - |
| Other operating charges640/8 | - | €111,683 | €139,011 | €56,039 | €250,312 | ▲ 347% |
| Operating profit (loss)9901 | €5.3m | €6.5m | €8.0m | €8.6m | €9.0m | ▲ 4.1% |
| Financial income75/76B | - | €267,655 | €390,353 | €2.8m | €3.9m | ▲ 40.4% |
| Recurring financial income75 | €248,058 | €267,655 | €390,353 | €2.8m | €3.9m | ▲ 40.4% |
| Income from financial fixed assets750 | - | €115,918 | €368,483 | €2.8m | €3.9m | ▲ 38.8% |
| Other financial income752/9 | - | €151,737 | €21,870 | €23,442 | €77,673 | ▲ 231% |
| Financial charges65/66B | - | €314,865 | €339,230 | €437,632 | €632,655 | ▲ 44.6% |
| Recurring financial charges65 | €323,060 | €314,865 | €339,230 | €437,632 | €630,130 | ▲ 44.0% |
| Debt charges650 | €286,389 | €310,065 | €335,161 | €416,385 | €594,883 | ▲ 42.9% |
| Other financial charges652/9 | - | €4,800 | €4,069 | €21,247 | €35,247 | ▲ 65.9% |
| Non-recurring financial charges66B | - | - | - | - | €2,525 | - |
| Profit (loss) for the period before taxes9903 | €5.3m | €6.5m | €8.0m | €11.0m | €12.3m | ▲ 11.8% |
| Income taxes67/77 | €1.8m | €2.0m | €2.9m | €3.3m | €3.6m | ▲ 8.6% |
| Taxes670/3 | - | €2.0m | €2.9m | €3.3m | €3.6m | ▲ 6.6% |
| Tax adjustments and reversals of tax provisions77 | - | €34,000 | - | €60,519 | €300 | ▼ 99.5% |
| Profit (loss) for the period9904 | €3.4m | €4.5m | €5.1m | €7.7m | €8.7m | ▲ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €3.4m | €4.5m | €5.1m | €7.7m | €8.7m | ▲ 13.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97.3m | €102.5m | €97.1m | €107.3m | €113.7m | ▲ 5.9% |
| Fixed assets21/28 | €26.8m | €27.6m | €27.3m | €27.0m | €26.6m | ▼ 1.4% |
| Intangible fixed assets21 | €692,513 | €561,812 | €451,282 | €265,394 | €64,876 | ▼ 75.6% |
| Tangible fixed assets22/27 | €1.0m | €2.0m | €1.8m | €1.7m | €1.5m | ▼ 9.9% |
| Plant, machinery and equipment23 | - | €107,673 | €110,052 | €149,192 | €170,454 | ▲ 14.3% |
| Furniture and vehicles24 | - | €781,483 | €701,130 | €656,482 | €604,072 | ▼ 8.0% |
| Other tangible fixed assets26 | - | €1.1m | €988,599 | €855,195 | €721,803 | ▼ 15.6% |
| Financial fixed assets28 | €25.0m | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Affiliated companies280/1 | - | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Amounts receivable281 | - | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Other financial fixed assets284/8 | - | €37,518 | €37,518 | €44,523 | €41,600 | ▼ 6.6% |
| Shares284 | - | €37,120 | €37,120 | €44,125 | €41,600 | ▼ 5.7% |
| Amounts receivable and cash guarantees285/8 | - | €398 | €398 | €398 | - | - |
| Current assets29/58 | €70.6m | €74.9m | €69.8m | €80.4m | €87.1m | ▲ 8.4% |
| Amounts receivable after more than one year29 | - | €422,712 | €323,837 | €224,962 | €115,354 | ▼ 48.7% |
| Other amounts receivable291 | - | €422,712 | €323,837 | €224,962 | €115,354 | ▼ 48.7% |
| Amounts receivable within one year40/41 | €26.3m | €26.0m | €19.0m | €20.3m | €17.0m | ▼ 16.2% |
| Trade receivables40 | - | €24.3m | €17.0m | €18.2m | €15.4m | ▼ 15.2% |
| Other amounts receivable41 | - | €1.8m | €2.0m | €2.1m | €1.6m | ▼ 25.0% |
| Cash at bank and in hand54/58 | €43.7m | €48.4m | €50.4m | €59.5m | €69.7m | ▲ 17.2% |
| Deferred charges and accrued income490/1 | - | €69,281 | €148,351 | €391,217 | €278,169 | ▼ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97.3m | €102.5m | €97.1m | €107.3m | €113.7m | ▲ 5.9% |
| Equity10/15 | €23.1m | €23.0m | €23.1m | €23.5m | €23.5m | = |
| Contributions10/11 | €15.4m | €15.4m | €15.4m | €15.4m | €15.4m | = |
| Capital10 | - | €15.4m | €15.4m | €15.4m | €15.4m | = |
| Issued capital100 | - | €15.4m | €15.4m | €15.4m | €15.4m | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Non-distributable reserves130/1 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Legal reserve130 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Other1319 | - | €71,116 | €71,116 | €71,116 | €71,116 | = |
| Profit (loss) carried forward14 | €6.1m | €6.1m | €6.1m | €6.6m | €6.6m | ▲ 0.1% |
| Provisions and deferred taxes16 | €294,950 | €289,187 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €289,187 | - | - | - | - |
| Other liabilities and charges164/5 | - | €289,187 | - | - | - | - |
| Amounts payable17/49 | €74.0m | €79.2m | €74.1m | €83.8m | €90.2m | ▲ 7.6% |
| Amounts payable within one year42/48 | €73.8m | €79.0m | €73.9m | €83.7m | €90.1m | ▲ 7.6% |
| Trade debts44 | €29.0m | €29.7m | €26.9m | €24.0m | €26.2m | ▲ 9.0% |
| Suppliers440/4 | - | €29.7m | €26.9m | €24.0m | €26.2m | ▲ 9.0% |
| Advances received on contracts in progress46 | - | €35.2m | €31.2m | €41.6m | €43.4m | ▲ 4.2% |
| Taxes, remuneration and social security45 | - | €9.4m | €10.5m | €10.8m | €11.8m | ▲ 8.8% |
| Taxes450/3 | - | €143,054 | €924,062 | €28,430 | €331,898 | ▲ 1,067% |
| Remuneration and social security454/9 | - | €9.3m | €9.6m | €10.8m | €11.4m | ▲ 6.0% |
| Other amounts payable47/48 | - | €4.6m | €5.2m | €7.3m | €8.7m | ▲ 20.6% |
| Accrued charges and deferred income492/3 | - | €167,447 | €203,902 | €71,181 | €71,181 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.4m | €4.5m | €5.1m | €7.7m | €8.7m | ▲ 13.1% |
| + Depreciation and write-downs630 | €576,829 | €589,082 | €605,372 | €579,099 | €462,925 | ▼ 20.1% |
| Operating cash flow (approximation) | €4.0m | €5.1m | €5.7m | €8.3m | €9.2m | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€331,658 | -€261,304 | -€94,944 | ▲ 63.7% |
| Change in cash | - | €4.7m | €2.0m | €9.1m | €10.2m | ▲ 12.4% |
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
19-03
State Gazette act
Appointment: Ann VERBRUGGEN (director)Mandate compensation3 facts ▸
- General meeting, 31/12/2025
- Director appointment, Ann VERBRUGGEN (director)
- Mandate compensation, Ann VERBRUGGEN
About the unread acts
Of the 83 Belgian State Gazette acts we know for this company, 2 have been read. The other 81 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
6 establishment units
7 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0063/00R000 | Brussels | 19.2 ha | 1 · 3.8 ha | 15.9 m · 3 fl. |
| 11011A0625/00L000 | Flanders | 5,740 m² | 1 · 1,509 m² | 20.8 m · 4 fl. |
| 52028B0318/00G002 | Wallonia | 5,399 m² | - | - |
| 46013A0042/00C000 | Flanders | 3,220 m² | 1 · 760 m² | 7.6 m · 2 fl. |
| 21821C0259/00N000 | Brussels | 2,460 m² | - | - |
| 44043A0536/00T000 | Flanders | 1,296 m² | 1 · 1,296 m² | 20.9 m · 4 fl. |
| 11027A0193/00L000 | Flanders | 558 m² | 1 · 558 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Ann VERBRUGGEN |
|
Structure & network
Owners and holdings
2 ownersChain of control
- VINCI ENERGIES S.A.FR
- VINCI ENERGIES BELGIUM
- CEGELEC
Highest known parent: VINCI ENERGIES S.A. (France). The sources do not say who stands above it.
Owners 2
-
100%
- VINCIFRparentSourceLEI registerconsolidated
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of CEGELEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
Ownership & control
2 board mandatesPublic money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 6,220 EUR awarded · 6,220 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,534 EUR | 1,534 EUR |
| 2023 | 1 | 2,471 EUR | 2,471 EUR |
| 2022 | 1 | 2,215 EUR | 2,215 EUR |
Recognitions · licences · registrations
Recognised contractor
9 categoriesFood safety, FASFC
1 siteDual-learning approval
6 live approvals · 12 endedShow 12 ended approvals
Legal Entity Identifier
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Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.