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Cegelec Industry

Active
Public limited companyfounded 2013active for 13 yearsBourgetlaan 44, 1130 Brussel, Belgium57 active companies are registered at this addressKBO/BCE: BE 0539.891.310
Summary

Cegelec Industry has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €2.3m. Equity is growing by about 6.2% per year across the filed financial years. Its solvency ranks better than 22% of 2,429 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Electrical installation work in industrial facilities
NACE 43212Plumbing work NACE 43221
4th largest employer in the Brussels-Capital Region, Specialised construction sector3 sites
Size
€71.4mturnover 2025
Staff
394.3 FTE
Equity
€5.8m
Profit
€2.3m
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
VINCI ENERGIES BELGIUM · 100%
Board
4 members
Auditor: EY BedrijfsrevisorenAccounts 21 days early5 of 20 deeds read
Why 93raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.26, cash €16.0mSize: turnover €71.4m, 394.3 FTE, total assets €27.7mFounded in 2013Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 43, large)
Financial strength · tick = 2024
Average
Solvency 46=
equity 21.1% of total assets
Liquidity 58+14
short-term debt 77.5% · cash 57.5%
Profitability 67+51
return on assets 8.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (35 companies, NACE 43, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.26, compared with 1.24 in 2024, below the usual 1.5; short-term debt: 77.5% and cash: 57.5% of total assets), and 78.9% of the assets are financed with debt and provisions.
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 (NACE 43, large): better than 31% on solvency, 94% on liquidity, 56% on profitability and 20% on growth.

The bankruptcy probability was computed on 22-10-2026 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

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.26, cash €16.0m
NBB · annual accounts
lowers risk · Size: turnover €71.4m, 394.3 FTE, total assets €27.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2013
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2429 sector peers (2025).
NBB · sector comparison
Position among 2429 sector peers
Solvency
better than 22%
← weakest strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
30 days early
2023
27 days early
2022
18 days early
2021
25 days early
2020
46 days early
2019
38 days 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 29 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Edwin SAMYN (director) and Eddy…Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Back to profitnet €2.3m

Key points

  • Positive: Back in profit in 2025after -€803,621 in 2024 €2.3m View
  • Positive: Among the best 5% on net resultsector median €42,716 · 2,430 companies €2.3m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by VINCI ENERGIES BELGIUMultimately: Vinci sa 100% View
  • New directorlatest change 30-06-2026 · 4 in office 1 joined View
  • Flemish supportawarded from 2022 to 2025 €148,449 View

By topic

Financials

Financial year
2025
Turnover
€71.4m
Profit
€2.3m
Solvency
21.1%
Turnover▼ 14.1%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
VINCI ENERGIES BELGIUM · 100%
Auditor
EY Bedrijfsrevisoren
  • Patrick MerckxDirector
  • Luc CLABOUTDirector
  • Edwin SamynDirector
  • Eddy VandersmissenDirector
Go to Board & ownership

Timeline

Events
21
Since
2015
Next accounts
by 31-07-2027
  1. 30-10-2025Appointment: EY Bedrijfsrevisoren (statutory auditor)
  2. 01-07-2025Annual accounts filed
  3. 20-01-2025Resignations: Marc LEMAIRE (director) and Hanne MEERSMAN…
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Electrical installation work in industrial facilitiesNACE 43212
Founded
02-10-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
11
Who signs
Two directors jointly
Annual meeting
Third Tuesday of June at 14:00
Go to Articles of association

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